Resolution Foundation says real wages not expected to return to 2008 levels until 2027
Jeremy Hunt’s autumn statement will mean Britain’s workers will miss out on pay rises worth £15,000 over the next five years as the chancellor’s tax-heavy budget pressures the nation’s “squeezed middle”.
Figures published alongside Jeremy Hunt’s autumn statement on Thursday by the Office for Budget Responsibility said the UK was in a recession that would wipe out eight years of growth, with British households set to face the biggest fall in living standards since records began.
Resolution Foundation says real wages not expected to return to 2008 levels until 2027Jeremy Hunt’s autumn statement will mean Britain’s workers will miss out on pay rises worth £15,000 over the next five years as the chancellor’s tax-heavy budget pressures the nation’s “squeezed middle”.Figures published alongside Jeremy Hunt’s autumn statement on Thursday by the Office for Budget Responsibility said the UK was in a recession that would wipe out eight years of growth, with British households set to face the biggest fall in living standards since records began. Continue reading…
