inflation
Today’s inflation figures: most people still getting poorer
Yet again inflation has outpaced wages as figures realeased today by the Office for National Statistics show the Consumer Price Index at 2.7 per cent - unchanged from August.
Graph: Falling pay under the Tories
Figures released by the Office for National Statistics (ONS) show that the rate of inflation has increased to 2.9 per cent in June, up from 2.7 per cent in May.
A minimum wage worker would need to work 380 hours a week to match top earner
A minimum wage worker would need to work for 380 hours a week to match the annual salary of someone at the 99th percentile, according to research by the Resolution Foundation.
The minimum wage vs inflation (graph)
Although the government deserves a degree of credit for seeing off calls from business leaders to freeze the minimum wage, by increasing it to £6.31 - meagre increase of twelve pence - it has yet again failed to ensure the minimum wage is above inflation for the third year running.
December’s economic update
Tony Dolphin is the chief economist at the IPPR and a regular contributor to The Guardian and New Statesman. During the autumn statement last month, George […]
Happy New Year! And here’s the coalition outlook for 2013: grim with no plan for growth
IPPR's Tony Dolphin offers his outlook for 2013 and damns the lack of vision on the part of the coalition's economic plan for the year ahead.