Many people will read whatever they like into today’s new data on the labour market without bothering to look past the headlines. And to be fair, those raising concerns about the recent trends in unemployment and in pay are right to do so. Nonetheless, the underlying picture is a little more nuanced. Here are four key points … Continue reading Four insights on the latest UK labour data (warning! contains nuance…)
Tag: pay
Put April’s tax rises on hold and let growth fix the public finances
First, the bad news. UK consumer price inflation has already hit 5.1pc in the 12 months to November. And it is likely to rise further in the coming months as businesses pass on more of the price pressure that is already in the pipeline. In particular, the energy regulator Ofgem is reviewing its cap on … Continue reading Put April’s tax rises on hold and let growth fix the public finances
Stronger economy should save us from further tax rises
The Treasury is keeping busy, but hopefully not too busy. On the same day as the Prime Minister unveiled the ‘health and social care levy’, the Chancellor revealed last week that we will only have to wait another 50 days for the Autumn Budget, due on October 27. The focus next month will probably be on … Continue reading Stronger economy should save us from further tax rises
Plain-speaking Economics 