UK pay hikes ‘to hold at 2%’

British consumer spending dipped last month and few employers plan to offer bigger pay rises, according to economic surveys that suggest future growth is likely to remain modest.

Last week, official figures showed growth sped up in the three months to June, after an unusually snowy start to the year, but a lacklustre, year-on-year growth rate prompted finance minister, Philip Hammond, to blame Brexit uncertainty.