Tag: wages

Britain’s Economy Is in Meltdown

In all honesty Britain’s economy is absolutely broken, ten years ago it was common to hear of a lost decade for Japan and Italy, well the same has just happened to Britain on the things that matter like wages and productivity while the deficit, the one thing the Tories wanted to be measured by, is […]
Self Employed? You’re Probably in Poverty
Aaron Bastani looks at how the self-employed are hardest hit by falling wages.
The Tories’ Record on the Economy? A Catastrophe
Aaron Bastani looks at how Britain has suffered a 'lost decade', and how another is on the way
Rebranding Poverty: Why a living wage isn’t enough
George Osborne seemingly outmanoeuvred the mainstream left when his last budget championed a ‘national living wage’ to be introduced next year - yet it won't extend to all workers, and erosions to welfare mean you won't be able to live on it.
What is deflation and what does it mean for the working class?
Yesterday the UK went into deflation. George Osborne praised the "good news" while many economists were far more cautious. James Meadway from the New Economics Foundation explains what deflation is and what it means for the economy, wages and the working class.
4 Reasons Your Wages Are Definitely Not Going Up
The Bank of England, the autumn statement and the Office for Budget Responsibility have all been trying to get the word out that wage growth is back at last. Scratch the surface and this headline reveals itself to be the result of political manoeuvring and dodgy sums.
10 Ways Official Inflation Stats Are Masking Rising Inequality
New official inflation figures say the rate of price increases is falling, yet inequality is reaching new heights. The stats are hiding the real decline in living standards, especially for the poorest ten percent, but how?
Don’t Spend It All At Once! 7 Things ‘Wage Increases’ Can’t Hide
As George Osborne heralds the arrival of new figures which put average earnings above inflation for the first time in four years, we cut through the smoke, mirrors and bell ringing to show how misdirection can't mitigate the ongoing cost of living crisis.