Pay squeeze returns amidst renewed jobs boom  

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Wages & Income

  Britain kicked off 2017 with a renewed jobs boom and a painful pay squeeze, the Resolution Foundation said today in response to the latest labour market figures. Employment reached an all-time high of 74.8 per cent in the three months to March, while unemployment fell to the lowest level since 1975. In contrast, real … Continued

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Sharp inflation rise deepens Britain’s pay squeeze

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Wages & Income

  Britain’s pay squeeze is on course to deepen in April as a result of a sharp increase in inflation, the Resolution Foundation said in response to the latest inflation figures today. The Resolution Foundation’s latest pay projection following today’s inflation figures indicates that real pay looks to have fallen by between -0.3% and -0.6% … Continued

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Bank of England confirms the return of the earnings squeeze

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Wages & Income

Britain is on course for a renewed earnings squeeze, following a sizeable revision of the Bank’s near-term forecasts for pay, productivity and household income growth, the Resolution Foundation said today (Thursday) in response to the latest Inflation Report. The Bank is predicting a 0.8 per cent drop in average pay over the course of 2017, … Continued

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A pause in inflation rises won’t prevent Britain’s pay squeeze returning – six months ahead of schedule

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Wages & Income

  The latest inflation figure of 2.3 per cent for March means that real average earnings look set to have fallen during the first three months of 2017, six months ahead of the OBR’s projection in the recent Budget, the Resolution Foundation said today (Tuesday) in response to the latest ONS figures. The Foundation’s updated … Continued

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Pay of National Living Wage workers set to grow nearly 4 times faster than typical earners this parliament

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Wages & Income

Pay for workers on the National Living Wage (NLW) will rise nearly four times faster than for a typical worker over this parliament, according to new Resolution Foundation analysis marking the latest increase of the NLW to £7.50 an hour today (Saturday). Today’s 30p increase means pay for NLW earners is estimated to be 1.5 … Continued

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