Economy 2030 Britain needs to get serious about an economic strategy towards a more prosperous, fairer, greener 2030s – can you help? Call for policy ideas to help Britain become a fairer, greener, more prosperous nation 6 October 2022 by Emily Fry and Greg Thwaites …crisis, spending reductions become a key policy objective in the 2010s, an ambitious furlough scheme implemented during the pandemic, and most recently in the face of energy crisis this winter,… READ MORE
Labour market· Pay Unemployment hits a record low but pay is still falling in real terms 17 May 2022 by Greg Thwaites …therefore come to be reflected in higher prices as firms try to recoup these costs. Last of all, pay growth is still being distorted by the furlough scheme, which pushed… READ MORE
Labour Market Outlook· Labour market· Pay Labour Market Outlook Q1 2022 How should we interpret strong nominal earnings growth? 9 April 2022 by Nye Cominetti and Karl Handscomb and Hannah Slaughter and Greg Thwaites …was accounted for by furloughed workers moving back onto their full pay as they returned to work. The furlough effect will continue to push up pay growth until the autumn… READ MORE
Labour market Two-and-a-half cheers for the UK’s post-furlough labour market 16 November 2021 by Greg Thwaites …indications are that this strength continued into October after the end of furlough. Payrolled employment continued its onward march, rising by 160,000. Consistent with this, data from our own recent… READ MORE
Labour Market Outlook· Labour market Labour Market Outlook Q3 2021 Prospects for unemployment after the Job Retention Scheme 5 September 2021 by Hannah Slaughter and Greg Thwaites …rise later this year When considering the likely scale of moves from furlough into unemployment, it is also key to consider the profile of people currently on furlough. Age continues… READ MORE
Labour market Understanding the labour market: pandemic not pandemonium The labour market is normalising, not overheating 28 June 2021 by Torsten Bell and Kathleen Henehan and Krishan Shah and Hannah Slaughter and Greg Thwaites …have now returned to work (see Figure 2).1 Moreover, 69 per cent of those who were still furloughed in October 2020 (the trough for furlough rates in between lockdowns) have… READ MORE