Pay slowdown set to continue

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Wages & Income

Risk that real pay could fall back below 2 per cent for first time since February 2015 Official figures published later this week are expected to show that average wages grew by 1.9-2 per cent in November, representing a further slowdown in the pace of Britain’s pay recovery, according to independent think tank the Resolution … Continued

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Scotland has overturned English ‘pay premium’

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Wages & Income

Further employment gains and stronger productivity growth needed to maintain this advantage Scotland has overturned England’s longstanding ‘pay premium’, according to new analysis published today by the independent think-tank the Resolution Foundation. The Foundation’s analysis, part of a major report The State of Working Scotland which will be published later this week, shows that in … Continued

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Strong rise in employment but pay rebound tailing off

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Wages & Income

  Uncertainty over pay prospects in UK highlights differences with US ahead of possible rate rise by Fed Britain’s jobs market continues to show signs of tightening but real wage growth is falling back relatively sharply, highlighting the difference between the UK and US as the Fed considers a rate rise, the Resolution Foundation said … Continued

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Employment at record high but return to pre-crash pay packets still a long way off

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Wages & Income

Finance sector closest to returning to pre-crash earnings, construction furthest away A welcome return to falling unemployment is creating upward pressure on wages but, after an unprecedented six-year squeeze, average earnings remain a long way off their pre-crash peak, the Resolution Foundation said today (Wednesday) in response to the latest labour market statistics. The employment … Continued

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Private sector earnings growing at fastest rate in 15 years

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Wages & Income

  Low inflation and welcome shift in types of job roles being created is driving mini pay surge Private sector earnings are growing at their fastest rate since the early 2000s, but maintaining the  pay surge into 2016 will prove challenging once inflation starts to rise, according to the Resolution Foundation’s new earnings outlook published … Continued

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