No jobs-killer as employers take a ‘suck it and see’ approach to the National Living Wage

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With all the economic and political tumult of the past couple of weeks, the launch of the National Living Wage (NLW) already feels a long time ago. But it’s only been three months since the government’s flagship labour market policy came into force. As with Brexit, we’ll need to wait before judging the full impact … Continued

Living standards
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Intergenerational Centre
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Political parties and elections

Repairing the painful fractures between generations will be a crucial task for the new Prime Minister

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There’s a lot to do, and no-one around to do it. That’s the conclusion from Britain’s first week as a country on a course for Brexit. Most debate, and financial market turmoil, is focused on the huge task of redefining Britain’s role in the world. Whether we like it or not, and whether our leaders … Continued

Scotland continues to be the odd man out in Britain’s post-crisis jobs recovery

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Scotland’s been something of the odd-man-out lately. Missing out on Euro 2016 was bad enough but today’s latest labour market figures confirm that Scotland’s jobs market continues to under-perform compared to the rest of the UK. The turnaround has been rapid. As recently as October 2015, the Scottish employment rate was 74.8 per cent – … Continued

Waging war on non-compliance

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Big policy wins – those that shift the argument among politicos and have a real impact on people’s lives – are few and far between. Ask commentators to name the biggest success in recent decades and the National Minimum Wage (NMW) would be a top choice. So much so that last summer the Conservative chancellor … Continued

Has our jobs recovery reached a plateau?

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Despite the noise, the news in today’s labour market data is not the slight increase in unemployment. This hasn’t stopped people linking the unemployment increase to Brexit fears, or suggesting that it’s actually a good thing. No, in fact the real story – which for obvious reasons the headline writers failed to get excited about … Continued

Matthew Whittaker

The new financial year: No fireworks yet but is pain brewing for low-to-middle income households?

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Prior to the government’s tax credit U-turn in last year’s Autumn Statement, 6 April 2016 was set to be a red letter day – representing the point at which more than 3 million tax credit recipient families would face the reality of reductions in their annual awards of £1,300 on average. Having shelved the cuts … Continued

Living standards
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Housing
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Political parties and elections

One Nation or two?

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Iain Duncan Smith says the government’s claim to be a One Nation government is at risk and that it is “in danger of drifting in a direction that divides society rather than unites it”. Government spokespeople, including the Climate Change Secretary, Amber Rudd, have been clear they think he is wrong – indeed the Prime … Continued

Is the Chancellor planning a £32bn pre-election take-away? I wouldn’t bet on it

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If you’re the kind of person that finds money down the back of your sofa, the chances are you’re the kind of person that also loses it down there in the first place. That’s the lesson the Chancellor was taught by his Budget yesterday. At the centre of all the Commons rhetoric, stats and pun-strewn … Continued

Budget response: the sofa can go from being a cashpoint to a pickpocket overnight

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TREASURY CHOOSES TO ACCEPT £38bn EXTRA BORROWING IN FACE OF ECONOMIC HEADWINDS OBR gives the Chancellor a £55bn fiscal black hole, double the £27bn windfall from the Autumn Statement The weaker outlook for productivity and pay has led the OBR to give George Osborne a £55bn fiscal hole, reversing twice over the £27bn fiscal windfall … Continued

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