The future fiscal cost of ‘Generation Rent’

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Housing, Wealth and Debt

The future fiscal cost of ‘Generation Rent’ For most people the lion’s share of their income is spent housing and so forking out on accommodation when no longer earning would seem like a tall order for many. The vast majority of retired people own their own home and so have relatively low housing costs, however … Continued

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Three tips on how to get a pay rise

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Jobs, Skills and Pay

How do you get a pay rise? This is a question most of us would like to know the answer to. Especially seeing as, following the financial crisis, we’ve experienced the worst squeeze on wages in over a hundred years. Typical weekly earnings are £15 lower than they were in 2009, and by 2020 we … Continued

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Now’s not the time for auto-pilot

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Intergenerational Commission, Tax and Welfare

Straightforward policy successes are a rare achievement in government and need celebrating when they arrive, lest we forget that policy matters. The recent sizeable gains the UK has made on private pension saving as a result of the introduction of auto-enrolment are therefore a clear cause for cheer. But challenges remain, starting with the increase … Continued

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Is wage pressure building?

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Jobs, Skills and Pay

To what extent is wage growth picking up? This is an important question, not just for people’s pay packets but also for monetary policy makers in the Bank of England who are weighing up when to raise interest rates further. While nominal pay growth has been rising recently (up to 2.6 per cent in year … Continued

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Not quite pay growth party-time yet

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Jobs, Skills and Pay

Today the ONS published the latest pay growth figures covering the year to January. These, along with yesterday’s inflation data, suggest that the squeeze which has dragged down real pay for twelve months is finally over. However, at the risk of sounding Eeyore-ish, pay growth is likely to remain subdued for the rest of the … Continued

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