Wages have kept on rising since the Brexit vote.

Wages are rising. Photo: Press Association

Britain has seen three years of rising average pay levels since the EU referendum, despite fears the Brexit vote could threaten jobs and wages.

But the cost of living has risen almost as fast, with inflation cancelling out much of the possible gains from higher pay.

That is one of the stark findings of the latest economic figures released today by Britain’s official data body, the Office for National Statistics (ONS).

The fact prices have risen almost as fast as wages means many British workers will barely feel any better off, even if they are taking home more every year.

The cost of some basic goods has risen sharply since the referendum, partly because it pushed down the value of sterling as investors took fright, ,making imported goods more expensive.

By Tom Belger.

Full story at Yahoo News.