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

Published on by

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

READ MORE

How did firms pay for the big pay rise in 2016? Through productivity and price rises, not job losses

Published on by

Jobs, Skills and Pay

2016 marked the introduction of a big, controversial new player on the political economy scene, whose influence is set to grow and grow over the next four years. No, this isn’t a blog about President-Elect Trump. For millions of low earners across the UK, another development has had an even bigger impact. The National Living … Continued

READ MORE

Money can’t buy you love. But can it help you win an election?

Published on by

Public Finances and the Economy

  The centrepiece of John McDonnell’s conference speech in Liverpool today was a pledge to “write a real Living Wage into law”, creating clear (if still lyrically confusing) water between Labour and the government’s national living wage (NLW) policy. The apparent consensus around the benefits of a higher wage floor is a long way removed … Continued

READ MORE