David Cameron has fixed the economy for friends on his Christmas card list but not the majority of working people, Ed Miliband said on Wednesday.
A Bank of England policymaker has argued that pay growth may be at a “turning point”, strengthening the case for higher interest rates.
British workers suffered the biggest fall in real wages of all major G20 countries in the three years to 2013, according to the International Labour Organisation (ILO).
Britain’s recovery is expected to start running out of steam next year as the next government squeezes public spending and the hoped-for boost to exports fails to materialise, according to the Treasury’s independent forecaster.
I’m afraid there is no money. Those six little words have shaped George Osborne’s stewardship of the economy for the past five years, and, as Wednesday’s autumn statement will show, they continue to shape it.
Britain’s recovery remained on track in the third quarter but fresh figures revealed growth was heavily reliant on the consumer, leaving the government’s much hoped-for rebalancing of the economy elusive.
Britain’s economic recovery will continue into 2015 and 2016, driven by consumer spending and business investment, according to the Organisation of Economic Co-operation and Development.
Is that it ? Did the long-awaited rise in living standards last just the six days between the news that earnings had edged up to 1.3% and the latest data from the Office for National Statistics showing that the annual inflation rate has risen to exactly the same level?