ccrmagazine.com:
Centre for Economic Performance report on UK pay and living standards
22 May 2017
Higher price inflation as a result of sterling’s depreciation following the vote to leave the EU, coupled with nominal wage growth stuck at a norm of 2% a year, means that once again the UK faces falling real wages, threatening family living standards. A new report from the Centre for Economic Performance (CEP) – the first in a series of background briefings on key policy issues in the June 2017 UK general election – outlines what’s been happening to real wages and living standards, and considers relevant policies in the parties’ election manifestos.