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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Pay packets already shrinking as record run of low inflation ends

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Wages & Income

Real earnings falls have arrived earlier than expected as inflation has risen above the Bank of England’s target for the first time since December 2013, the Resolution Foundation said today (Tuesday) in response to the latest inflation figures. Inflation had been below the Bank’s 2 per cent target for a record 38 months, driving recent … Continued

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Britain enjoyed steady but slowing income growth in run-up to the referendum vote

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Wages & Income

  Commenting on the DWP’s Households Below Average Income statistics published today (Thursday) – the biggest and most authoritative official survey of household incomes – Adam Corlett, Economic Analyst at the Resolution Foundation, said: “The big picture for living standards has been a sharp squeeze and stagnation in the wake of the financial crisis, followed … Continued

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