Far from full employment

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The recently released Taylor review was widely covered as an attempt to get to grips with the gig economy amid the growing sense that too much work in the UK was not ‘fair and decent’. The review comes on the back of five years of robust employment growth but stagnant wages and the proliferation of … Continued

Time to put away the credit card

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The squeeze is on. National accounts data last month confirmed that household incomes have been falling for the last three quarters. Yesterday’s labour market statistics showed that wages continue to lose ground to inflation. And today new survey data from the Bank the England shows that credit availability is tightening. Today’s survey is the latest … Continued

A tale of two Scottish economies

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Imagine two economies. One has just announced strong economic growth, well ahead of the UK. Over time it’s become more productive relative to the UK and unemployment is as low as it’s been for decades. Then imagine another, in which GDP fell two quarters ago sparking fears of recession. In contrast to record employment across … Continued

Wrestling with our squeeze fatigue

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Public sector pay is back on the front pages. Increasing it is Boris Johnson’s new big thing. Michael Gove is with him 100 per cent. The Brexit Britain boy band is back together and rather surprisingly singing from a trade union leader’s hymn sheet. In some ways this surge of political focus on rewards for … Continued

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