Leading thinktank calls for targeted public sector pay increases

IFS says rises needs in order to compete with private sector after decade of wage restraint Targeted increases in public sector pay are needed to enable the NHS, schools, the armed forces, the police, the civil service and prisons to hold on to their w…

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Top 1% of earners in UK account for more than a third of income tax

Tax revenues ever more reliant on small group of high earners, says Institute for Fiscal StudiesThe top 1% of earners in the UK now account for more than a third of income tax paid to the government, following changes over the past decade that have lef…

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UK avoids recession but that’s cold comfort amid Brexit cloud

There was little good news in the ONS’s latest growth figuresThe day’s business news – liveAfter a tough spring, the economy returned to growth in the summer and early autumn but only just. The slowest annual rate of expansion in almost a decade poses …

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Call to freeze tax and NI thresholds in £45bn assault on poverty

Fabian Society sets out five-year plan to end in-work povertyTax and national insurance thresholds would be frozen for the next five years to help finance a £45bn assault on poverty under radical proposals from one of Britain’s leading leftwing thinkta…

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OBR to publish borrowing forecasts despite scrapping of budget

Move follows fears government would unveil pre-election tax cuts without scrutinyFresh predictions for borrowing taking account of the sharp deterioration in the public finances since the spring will be published by the government’s independent forecas…

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Proportion of low-paid workers in Britain at lowest level on record

But ONS annual survey says people in UK still clawing back ground lost in 2008-09 recessionA boost from an above-inflation increase in the “national living wage” has reduced the percentage of people classified as low paid in Britain to its lowest level…

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Small firms need to report gender pay gaps, says Bank chief economist

Andy Haldane says more firms need to forced to open up about gender and ethnic pay gapsThe UK government will need to insist that companies employing more than 30 people report their gender pay gaps if inroads are to be made into the persistent bias in…

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Small firms need to report gender pay gaps, says Bank chief economist

Andy Haldane says more firms need to forced to open up about gender and ethnic pay gapsThe UK government will need to insist that companies employing more than 30 people report their gender pay gaps if inroads are to be made into the persistent bias in…

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