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Economic growth


A growing economy comes with improving economic conditions: faster wage growth, increasing employment, and stronger public finances. All of these can help facilitate improvements in the economic position of families, particularly those on low-to-middle incomes. Our work in this area analyses the potential for future economic growth and how it can be shaped so that the benefits can be shared broadly across the economy.


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Follow the money

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Exploring the link between UK growth and workers’ pay packets

This briefing note unpicks the relationship between productivity and pay growth, looking at a variety of factors that influence pay growth for different groups of employees in the UK – from trends in the labour share to terms of trade movements, and from the role of employer pension contributions to the impact of changes in working patterns.

Contacts

James Smith

James Smith

Research Director
T: 0203 372 2956
E: james.smith@resolutionfoundation.org

Daniel Tomlinson

Research and Policy Analyst
T: 0203 372 2966
E: daniel.tomlinson@resolutionfoundation.org
Publications

Dead-end relationship?

Exploring the link between productivity and workers’ living standards

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Summary The strength of the relationship between productivity growth and median pay growth – and what it means for the way in which the gains from economic growth are shared…
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Publications

The beginning of the end… …but not the end of the beginning

Governor Carney’s valedictory speech discusses the future of the UK’s monetary policy remit – but this is just the start of an important debate

by

The beginning of the end… After several false starts, the appointment of his successor (Andrew Bailey) means Mark Carney finally has a leaving date (15 March). He can now concentrate…
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Events

Working Britain

What does 2020 have in store for job prospects and pay packets?

Friday 10 January 2019, 9.30-10.45am, Resolution Foundation offices, Westminster 2019 was a good year for the labour market – the area of the economy that matters most to households. Employment…
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Events

The Economic Outlook for 2020 and beyond

Speech by MPC member Jonathan Haskel

Friday 20 December, 11am-12pm, Resolution Foundation offices, Westminster The UK is about enter a new year, and a new decade, amid widespread economic uncertainty at home and abroad. Understanding the…
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Publications

Rewriting the rules

Assessing Conservative and Labour’s new fiscal frameworks

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Fiscal rules are technical frameworks only ever focused on by a tiny fraction of the population. But they are important for government’s running of our public finances, and for having…
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Publications

Follow the money

Exploring the link between UK growth and workers’ pay packets

by

This briefing note unpicks the relationship between productivity and pay growth, looking at a variety of factors that influence pay growth for different groups of employees in the UK –…
Continue Reading
Events

Fake news, real economy

Can stories drive economic events?

The world is awash with viral stories – some of which are more evidence-based than others. There’s been a lot of controversy about their ability to shape elections, but can…
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Comment

Is there any economics behind Johnson’s ‘perk up and carry on’ strategy?

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It’s time to get with the perk… I mean programme. Boris Johnson’s government might not even have a Budget under its belt, but its economic strategy is taking shape. It’s…
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