BRITAIN LABOUR COSTS INCREASE – EUROSTAT
October 1st, 2005
BY KEITH NUTHALLBRITAIN'S labour costs are rising at a faster rate than those of its key European Union (EU) competitors, Germany and France, figures from the EU statistical agency Eurostat reveal. In the second quarter of 2005, UK nominal hourly labour costs for the whole economy rose by 3.4% compared with the same period in 2004. By comparison, Germany - which had the lowest costs increase of the whole EU - saw costs rise just 0.8%. French costs also rose more slowly, at 2.7%. Britain's increase was also above the average for the whole EU - 2.6%, and well above ...
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