Forget national insurance rates. The IFS and Resolution Foundation focus on the genuine story: 15 years without a pay rise,a decade of lost growthFifteen years without a pay rise. The most protracted squeeze on genuine wages since Nelson’s victory over Napoleon’s fleet in the Battle of Trafalgar. A lost decade for productivity growth. The gist of the post-budget analysis from two of Britain’s main thinktanks was simple: the economy continues to break records – mostly for the improper reasons. Related: No pay rise for 15 years, IFS warns UK workers Continue reading...
Source: theguardian.com