Brexit will knock 5% off wage growth, says Mark Carney

BoE governor says workers were already suffering as pay failed to keep up with inflationThe Bank of England has warned that economic uncertainty caused by the Brexit vote will knock 5% off UK wage growth by the year end. Mark Carney, the bank’s governor, said British workers had already suffered a loss in earnings growth of 3.5% - compared with pre-referndum froecafter inflation is taken into account, and would see that loss swell to 5% by the end of the year as wages growth remained below