Britain has enjoyed a mini living standards boom – so why did we vote for change?

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Incomes and Inequality

The living standards story of last year was record employment, a higher minimum wage and the strongest income growth for a decade. Britain’s never had it so moderately okay. What’s more inequality was either flat or falling – poorer households did better than most. But the democracy story was a Brexit vote for big change … Continued

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Could a Brexit-induced house price fall benefit those who are struggling with housing costs?

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Housing, Wealth and Debt

In a world full of gloomy post-referendum prognostics is there anything for low to middle income households to be cheerful about? In recent research we have shown that rising housing costs have dragged down living standards over the last two decades. Could a Brexit-induced drop in house prices be the silver lining for these hard-pressed … Continued

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We must live up to our obligation to generations coming after us

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Incomes and Inequality, Intergenerational Commission

Ask people about what really worries them about the future and one answer stands out above all – that our children and grandchildren will not have the same kind of opportunities in life that we have enjoyed. The wheels of modern capitalism may keep turning so there are new technologies and new medical treatments. But … Continued

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Could housing be the living standards issue of this parliament?

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Housing, Wealth and Debt

Britain’s unprecedented pay squeeze – and the resulting impact on living standards – was one of the main talking points of the last parliament. But with real wages rising again and employment at a record high, has concern over living standards abated? Not if you factor in housing.  Indeed, barely a day goes by without … Continued

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The living standards challenge facing the next Scottish government

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Incomes and Inequality

The living standards challenge facing the next Scottish government This morning’s labour market statistics marked a milestone for Scotland: its employment rate has overtaken its pre-recession level, rising to 74.9 per cent. This is a welcome landmark in the recovery. But coming as it does, 15 months after England closed its ‘jobs gap’, also highlights … Continued

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