Average pay packet will be more than £20 lower than when financial crisis started in 2007, Resolution Foundation report saysThe average pay packet in Britain in five years’ time will still be more than £20 lower than it was before the start of the financial crisis as the biggest squeeze on wages since the end of the Napoleonic Wars extends well into a second decade, a leading thinktank has warned.The Resolution Foundation said that the downgrade to Britain’s future productivity performance expected in next week’s budget would have a negative impact on wage growth between now and 2022 and also limit the room for manoeuvre of the chancellor, Philip Hammond. Continue reading…
Via: Squeeze on UK wages set to continue until 2022, thinktank warns
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