One of the chief claims made by Brexiteers during the referendum campaign was that by cutting unskilled migration, bosses would be forced to pay British workers more. That claim has been proven spot on by the fact that lower EU migration is already resulting in higher wages.
A lower number of EU workers has led to starting salary inflation rising at its fastest level for years, according to analysis from the Recruitment and Employment Confederation and KPMG.
As Bloomberg put it: “The waning supply of workers from the European Union forced firms to pay more”.
James Stewart, of accountants KPMG, said: “Whilst Brexit may be dampening overall business investment, firms continue to hire new staff at near record rates.
“Consequently, we’re seeing wages pushed upwards and a trend of canny workers job hopping to secure a pay rise.”
He attributes this to a “dwindling supply of EU workers” confirming that lower levels of migration are meaning better wages for British workers.
Another Leave pledge fully vindicated. The government must slash unskilled migration and deliver British workers a pay rise.