When it comes to pay ratios, it’s time to choose meaningful medians not meaningless means

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Jobs, Skills and Pay

Back in the dog days of last summer, the Government announced a package of reforms to corporate governance. Among those reforms was the welcome requirement for “listed companies… to publish pay ratios between chief executives and their average UK worker”. On the back of gender pay gap reporting and the commitment to transparency expressed in … Continued

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How to solve the UK’s growing wealth gaps

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Housing, Wealth and Debt

This year, average wages are set to be flat. British households, meanwhile, are in the middle of a projected four-year income stagnation. And our productivity has barely risen since the 2008 financial crisis. Pay, incomes, productivity – that all are flatlining is the defining feature of our economics and our politics today. There’s a reason … Continued

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Deeds not words – what we needed from the government’s response to the Taylor Review today

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Jobs, Skills and Pay

Yesterday, Britain celebrated the success of the ‘deeds not words’ campaign that won women the vote. Today, we have something of the opposite in the government’s response to last summer’s Taylor Review of Modern Working Practices. It’s not nothing, but those hoping for a bold new dawn in the rules that govern Britain’s labour market … Continued

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To maintain our welfare state we need to rethink how we pay for it

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Intergenerational Commission, Tax and Welfare

Social democracy gave 20th Century Britain the welfare state. But in the 21st Century it’s wandered off for a long post-crisis snooze, just at the time when big challenges to that welfare state are looming into view. It’s time it woke up because, for a new generation of social democrats, there is work to do. … Continued

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Seven key takeaways on the level, profile and distribution of Britain’s £12.8 trillion of wealth

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Housing, Wealth and Debt

We get monthly updates on pay and authoritative data on household incomes every year. But we have to wait two years for a detailed breakdown of what’s happening to wealth across Britain. Here are seven key takeaways from the latest data published today and what it tells us about changes in the level, profile and … Continued

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The latest data on Apprenticeship starts offers cause for hope and concern

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Jobs, Skills and Pay

This morning the Department for Education published figures outlining the number and type of apprenticeships that were commenced during the first quarter (August to October) of the 2017-18 academic year – the second quarter since the apprenticeship levy came into place last Spring.  Inevitably, much of the focus today will be on numbers: how the … Continued

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