Despite a slight uptick, signs that inflation is trending down

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Responding to the latest ONS inflation figures today (Wednesday), showing that CPI inflation rose to 2.5 per cent in June, Stephen Clarke, Senior Economic Analyst at the Resolution Foundation, said: “Although inflation ticked up this month this was driven by changes in relatively erratic items, such as computer games and energy prices. “Strip away these … Continued

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Bank’s rate rise suggests that Britain’s weak economic growth could be as good as it gets in the medium term

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Commenting on the Bank of England’s decision today (Thursday) to raise interest rates from 0.5 to 0.75 per cent, Matt Whittaker, Deputy Director of the Resolution Foundation, said: “The Bank’s unanimous decision to raise interest rates reflects its view that, while current economic growth is relatively weak by historic standards, this is as good as … Continued

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Growing ‘disloyalty bonus’ as pay growth for job movers hits 10 per cent for first time since early-2000s

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Mixed signals on the labour market – with strong pay growth for job movers countered by muted pay growth for those sticking with their employer – provides the backdrop to the Bank of England’s big decision on interest rates later today, according to the Resolution Foundation’s latest quarterly Earnings Outlook published today (Thursday). The Earnings … Continued

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Child poverty rose last year as incomes for the poorest third of families fell

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Incomes and Inequality

Britain’s weak post-crisis living standards recovery went into reverse last year for the poorest 30 per cent of families, as incomes fell in the bottom third fell by between £50 and £150, according to the Resolution Foundation’s flagship annual Living Standards Audit published today (Tuesday). To establish recent trends in household living standards, the Audit … Continued

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Britain can’t rely on low inflation to deliver to growing pay packets

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Responding to the latest ONS inflation figures today (Wednesday), showed that CPIH inflation remained at 2.3 per cent in June, Stephen Clarke, Senior Economic Analyst at the Resolution Foundation, said: “As the impact of the Brexit vote on the pound – and consequently on the price of imported goods – continues to unwind, headline inflation … Continued

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