Britons face smaller pay rises, buttressing central bank's slowdown forecast

By David Milliken LONDON (Reuters) - British employers plan to offer the least generous pay deals since 2012 this year, the Bank of England said on Wednesday, underscoring its view that the economy is set to suffer from the effects of the Brexit vote. The economy surprised investors last year when it outpaced its peers among the world's big rich nations, driven by the spending of households who shrugged off the vote to leave the European Union. Inflation was running at 1.6 percent year-on-year i