A return to pay growth, but weekly wages fall for those at the bottom

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Jobs, Skills and Pay

In response to today’s ASHE data release from the ONS that showed real pay recovering in 2018, Stephen Clarke, Senior Economic Analyst at the Resolution Foundation said: “Following the squeeze of 2017, real pay growth returned in 2018. After inflation, typical weekly wages for all employees grew by 0.3 percent in the year to April. … Continued

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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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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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