Falling inflation is good news for pay but confirms £200 hit for low-income families with kids

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Jobs, Skills and Pay, Public Finances and the Economy, Tax and Welfare

Press release from the Resolution Foundation Wednesday 17 October 2018 – For immediate release Inflation falling to 2.4 per cent in September brings mixed news for working families – stronger growth in their pay packets but a confirmation that the fourth year of the benefit freeze will bring significant living standards reductions for lower-income families, the … Continued

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Pay packets growing at their fastest rate since the financial crisis

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Jobs, Skills and Pay

  Pay packets growing at their fastest rate since the financial crisis Nominal pay growth grew by 3.1 per cent in three months to August this year, the strongest pay growth since January 2009, the Resolution Foundation said today (Tuesday) in response to the latest labour market statistics. The Foundation says that Britain’s tightening labour … Continued

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Delaying rollout of Universal Credit is a sensible step – but fundamental reforms still needed

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Tax and Welfare

Press release from the Resolution Foundation Tuesday 16 October 2018 – For immediate release Commenting on reports that the government is going to delay the final phase of the rollout of Universal Credit, and make reforms to its design – such as rolling on several benefit payments temporarily –Torsten Bell, Director of the Resolution Foundation, … Continued

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Volatile pay is the norm not the exception – even for workers in steady jobs

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Jobs, Skills and Pay

Three in four workers experience fluctuating pay packets, with low paid workers most exposed to big downward changes in their monthly take-home pay, according to groundbreaking new research published today (Monday) by the Resolution Foundation. Irregular payments examines anonymised month to month data from seven million Lloyds Banking Group bank accounts to reveal for the … Continued

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Weak pay growth could leave Britain waiting until the end of the century for real wages to double – and our disastrous productivity record is to blame

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Jobs, Skills and Pay

If the slow pace of Britain’s post-crisis pay growth were to continue indefinitely it will take until 2099 for real wages today to double in value – compared to the pre-crisis average when wages doubled every 29 years – according to a new Resolution Foundation report published today (Tuesday). Count the pennies – funded by the … Continued

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