Wage growth is back with a bang as unemployment falls below 7pc April 16, 2014 Perhaps finally an ease to consumer budgets, and a chance that the "cost of living crisis" meme may start to fade away. For the first time since July 2009, the Office for National Statistics' measure of average earnings growth may now exceed headline inflation. Yesterday saw headline consumer price inflation fall to a four and [...]
Can you handle these 3 facts on immigration? March 5, 2014 Last night, a Newsnight report claimed the publication of a much-anticipated cross-governmental report on immigration has been put off by Downing Street, because it points to immigration having a smaller impact than the government claims. The BBC's detailed how Number 10 sources have said the report isn’t ready for release, but how, according to officials, [...]
Wage growth gains pace yet jobless rate ticks up February 19, 2014 THE UNEMPLOYMENT rate edged up slightly in the final three months of last year, yet official figures released yesterday painted a positive picture for the labour market including signs of a pick-up in wage growth. Total pay in the October-December period was up 1.1 per cent compared to a year earlier. Yet the figure for the [...]
Tory MoneySupermarket Budget is the best foil to Labour’s Wonga economics March 17, 2014 AHEAD of the last Budget before the 2015 election, Britain’s political battle lines are being carved out. Voters will be tempted by alternative menus combining less debt, higher spending and lower taxes. Since no party can credibly offer more than two of the three, the Conservatives’ best chance of winning is to demonstrate that trimming [...]
In 3 charts: The UK jobs recovery has a dark side January 30, 2014 Despite a recent and rapid drop in the UK’s unemployment rate, an international comparison by the Office for National Statistics (ONS) today recalls the dismal aspects of the UK labour market. The recent drop in unemployment for the UK is certainly impressive, especially in comparison to stubbornly high Eurozone unemployment rates. British unemployment plunged from [...]
Minimum wage to rise by 11pc January 16, 2014 Business warns Osborne’s move could jeopardise the recovery GEORGE Osborne has given the strongest hint yet that he wants to see the minimum wage increased to £7, despite urging caution earlier this month. The chancellor told the BBC that he would like to see an above-inflation rise in the minimum wage, currently set at £6.31 [...]
Britain is in debt to a new generation of foreign entrepreneurs | City A.M. March 5, 2014 IMMIGRANTS are good for jobs. Yes, you’ve read that right: even though much of the public believes that migrants depress the labour market, the truth is that foreign entrepreneurs are actually responsible for a great number of British jobs. Without these migrants, there would actually be fewer opportunities for locals and far fewer start-ups – [...]
Britain is in debt to a new generation of foreign entrepreneurs March 4, 2014 IMMIGRANTS are good for jobs. Yes, you’ve read that right: even though much of the public believes that migrants depress the labour market, the truth is that foreign entrepreneurs are actually responsible for a great number of British jobs. Without these migrants, there would actually be fewer opportunities for locals and far fewer start-ups – [...]
A revue of reviews – everything you could ever want to read about Piketty’s Capital April 28, 2014 You may not have read French Economist Thomas Piketty’s near-700 page long Capital in the Twenty-First Century, but there’s no need to worry – neither have some of the people who’ve reviewed it. Below are some of the biggest reviews of the work so far, ranging from praise to scorn, and with a wide range of [...]
A revue of reviews – everything you could ever want to read about Piketty’s Capital April 28, 2014 You may not have read French Economist Thomas Piketty's near-700 page long Capital in the Twenty-First Century, but there's no need to worry – neither have some of the people who've reviewed it. Below are some of the biggest reviews of the work so far, ranging from praise to scorn, and with a wide range [...]