With only months to go until May’s Scottish Parliament elections, this report provides an analysis of the state of working Scotland. In particular, we focus on how Scotland’s labour market performed in the run-up to the economic downturn and in the recovery.
The most eye-catching announcement in the Summer Budget was the National Living Wage (NLW). National Minimum Wage workers aged 25 and over will, from April 2016, receive a premium on top of the current legal wage floor, raising their hourly earnings from £6.70 to £7.20. Thereafter, the NLW is expected to rise steadily, surpassing £9 … Continued
After the longest fall in modern history, real wages have moved into positive terrain and appear to be turning the corner. Yet the outlook for wages – how strong and shared pay growth might be in the years ahead – remains highly uncertain. What emerges will shape not just what happens to living standards but … Continued
This report has two main objectives. First, to assess the main political parties’ leading proposals on tax cuts for the next Parliament. Second, to consider whether there is a different approach to that advocated by the main parties that would better serve low and middle income Britain.
There is an increasingly rich intellectual debate about the risks, or for some the reality, of an extended period of low growth; a so called great stagnation. But, for all this intellectual ferment, there is, alas, only a stunted discussion about what we can do to overcome this challenge, and even less of one about … Continued