UK Low Wages The first chart shows the unique position of the UK in the rich world in having a growing GDP together with falling wages, see fourth quadrant: On the right of the vertical line: growth 2007-2015, below the main horizontal line: wages 2007-2015 . the UK is alone is that quadrant. From the … Continue reading Wage Growth in the UK
wages
On Interest Rates and Mini-Budgets
Interest Rates and Mini-Budgets Martina Seale On May 4th the Bank of England (BoE) decided to raise the Bank interest rate by 0.25% to 1%. The stated purpose of the increase is to help fight inflation. The logic that the BoE is following is really quite simple. Inflation is caused by demand for products being greater that the … Continue reading On Interest Rates and Mini-Budgets
Labour Affairs 