Spiralling inflation continues to squeeze some more than others

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Public Finances and the Economy

The February inflation figures spell more bad news for living standards in the UK. With average weekly earnings growth standing at just 2.2 per cent, millions of workers continue to get poorer in real terms. However, differences in the make-up of typical “shopping baskets” mean that the spending implications of inflation vary by income group. Since 2007, … Continued

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Wake-up call on childcare

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Tax and Welfare

Speaking at the Liberal Democrat’s Spring Conference, Nick Clegg once again took up the cause of hard working families in Britain – his ‘alarm clock Britain’, the people who want to get up and get on. But changes to the childcare tax credit announced in the Comprehensive Spending Review and due to come in this … Continued

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It’s not all bad news on social mobility

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Incomes and Inequality

We all know the usual story on social mobility. It’s been falling steadily for ages and continued to fall during the Labour years. Plenty of politicians, journalists and pundits will line up to tell anyone willing to listen that things have got worse. It sounds like a compelling story – the problem is, it’s not … Continued

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Three charts that complicate a simple focus on growth

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Public Finances and the Economy

[Extract] GDP growth figures have become the barometer of choice for commentators trying to tell the political weather – a good measure of how the public will eventually fall in the faceoff between Osborne and Balls. The story goes that a return to sustained growth will mean a return to rising living standards. That means … Continued

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Sitting in the middle

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Incomes and Inequality

Yesterday at the Resolution Foundation we launched a wide-ranging investigation into the pressures now facing low-to-middle earners. The Commission on Living Standards will focus on the long-term economic trends that are changing the reality of life for those on low-to-middle incomes in Britain, writes James Plunkett It will bring together leading thinkers, from major employers … Continued

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Wanted: a new purpose for British capitalism

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Incomes and Inequality

If this year’s question is “When will growth resume?”, next year’s will surely be “How do we make sure that growth benefits the great majority of working people?”. For much of the 20th century, that second question would not have been necessary. The link between growth and living standards held strong — it was the … Continued

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