Could we be set for two decades of lost pay growth?

Published on by

Wages & Income

Rarely have questions of household living standards and the shape of the public finances been so interwoven. The Autumn Statement – or, more specifically, the OBR’s Economic and Fiscal Outlook – identified a £25bn shortfall in tax revenues by 2018-19 relative to the projections in place at the time of Budget 2014. This is a … Continued

READ MORE

Will the Chancellor still be aiming for an overall budget surplus in 2018/19 after the Autumn Statement?

Published on by

Fiscal Choices

In tomorrow’s Autumn Statement, the Chancellor is expected to announce an updated Charter for Budget Responsibility, which would formally commit the government to a balanced cyclically-adjusted current budget by 2017-18. By forcing a vote in parliament, the Chancellor is thought to be drawing Labour out on their potentially looser fiscal policy. Yet this move also … Continued

READ MORE

Will the return of economic growth mean rising wages for workers?

Published on by

Shared Growth

How effective will advanced economies be at translating economic growth into higher wages for those in the low to middle part of the distribution and is this link weakening over time, reinforcing a ‘trickle-up’ tendency in mature economies? A great deal depends on these questions, yet they all too rarely are directly addressed. The answers … Continued

READ MORE

A budget for the ‘makers, doers and savers’

Published on by

Fiscal Choices

The theme of economic optimism that built during 2013 spilled over into today’s Budget—but only just. GDP is projected to rise more quickly over the next four years than was the case back in the autumn, and employment continues to out-perform expectations. But there are question marks over the extent to which people are feeling … Continued

READ MORE