The Autumn Budget 2017 brings worse than hoped for news for the low paid

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Jobs, Skills and Pay

or many people, the big news out of November’s Budget – a massive downgrade in the outlook for productivity growth – will sound a bit abstract. The productivity downgrade has made the Chancellor’s task of balancing the books harder. But its impact on pay – with average annual earnings lowered by £1,000 – mean it’s even … Continued

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We need to put the changing world of work back in the spotlight

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Jobs, Skills and Pay

Angst over diminishing attention spans is widespread these days, with the reaction to Twitter’s expansion to 280 characters a case in point. That’s long been true in politics: even the most important of issues need a regular drumbeat to maintain public interest. And it certainly applies to the problems highlighted by the Taylor Review of … Continued

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The latest on low pay

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Jobs, Skills and Pay

To paraphrase the great Yogi Berra, making predictions is hard. That’s especially true of the future of the UK’s labour market. After all, the current combination of record high employment and falling real wages is not a forecast many economists would’ve made even a couple of years ago. But new Annual Survey of Hours and … Continued

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We need to address Britain’s Jekyll and Hyde labour market

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Jobs, Skills and Pay

The latest chapter in the British labour market’s Jekyll and Hyde story was published this week. New data on jobs, pay and inflation continued the plot of recent months: an impressively high employment rate twinned with woeful wage growth that’s unable to keep up with prices. But for one group at least, recent developments have … Continued

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A tale of two Scottish economies

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Incomes and Inequality

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

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