JRF - Slide in real wages means just managing families face little respite
Helen Barnard, head of analysis at the independent Joseph Rowntree Foundation (JRF), responded to the ONS labour market figures.
“Britain’s employment has climbed ever higher and it is encouraging to see more people in work. Yet the number of people struggling to make ends meet despite being in work has also increased.
“Real wages have seen an alarming slide. This is the third month in a row that real earnings have fallen. In real terms earnings are no better than they were 12 years ago: total pay in real terms is the same as it was in August 2005.
“With benefits and tax credits frozen, there is little respite for families just about managing. Some 3.8 million workers are trapped in poverty, many with few qualifications and precious little opportunity to retrain.
“The Government must make urgent progress with its industrial strategy – working across party lines to deliver a plan that drives up skills and productivity across the country. That will deliver more and better jobs and higher living standards that people desperately need.”
Read the Labour Market Statistics – July 2017 from the Office for National Statistics.
Latest News from
Policy Exchange - The New Netwar: Countering Extremism Online19/09/2017 10:35:00
In this major new report, Policy Exchange provides a comprehensive analysis of the struggle against online extremism – the ’new Netwar’.
JRF - It's getting harder for those on low incomes to make ends meet19/09/2017 09:35:00
Helen Barnard, Head of Analysis at the Joseph Rowntree Foundation, responded to the Monetary Policy Committee's interest rates decision
Adam Smith Inst - UK banking system an accident waiting to happen14/09/2017 12:35:00
New report shows UK banks still sickly, 10 years on from run on Northern Rock
Demos - Britain’s youth say they face barriers to success, prosperity and political engagement14/09/2017 11:35:00
A major new report by Demos think tank for the British Council’s Next Generation research series shows Britain’s young adults feel overburdened by responsibilities, and facing a multitude of barriers to getting ahead. The research reveals that only half of young Britons feel that they live in a socially mobile society.
IFS - Councils concerned about impact of cuts – and uncertain about effects of the business rates retention policy14/09/2017 10:35:00
A new report by researchers at the Institute for Fiscal Studies (IFS) uses recent surveys from the Local Government Information Unit (LGiU) and PwC to examine council decision-makers’ views on whether cuts to funding have affected service quality and on the impact of business rates retention scheme (BRRS) on revenues and incentives. It also looks at how these views vary around England.