Why is UK unemployment still low? We are working longer hours

Pay hasn’t recovered from the 2008 crisis so staff work longer to fill the gap, boosting labour supply and limiting wage risesTurn the clock back a decade. The economy is just about to emerge from its worst recession in living memory. Since the start o…

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Why is UK unemployment still low? We are working longer hours

Pay hasn’t recovered from the 2008 crisis so staff work longer to fill the gap, boosting labour supply and limiting wage risesTurn the clock back a decade. The economy is just about to emerge from its worst recession in living memory. Since the start o…

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Labour knew austerity was wrong. Now, at last, it also has a vision for growth | Mariana Mazzucato

In adopting the Green New Deal, the party has a plan for a more inclusive economy. And even the Tories have done a U-turnMany people want this election to be about whether Brexit will solve or exacerbate the problems the UK faces. But most of these pro…

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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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‘Uncertainty has been a nightmare’: UK businesses on the economy

Business figures from film and TV, housebuilding and manufacturing discuss how their firms are doingThe UK has avoided recession after official figures showed the economy growing by 0.3% in the third quarter of the year. We talk to businesses in key se…

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‘Uncertainty has been a nightmare’: UK businesses on the economy

Business figures from film and TV, housebuilding and manufacturing discuss how their firms are doingThe UK has avoided recession after official figures showed the economy growing by 0.3% in the third quarter of the year. We talk to businesses in key se…

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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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Today’s weak economy shouldn’t aid the Tories: but that was true in 1992 too

Voters are influenced not by whether growth may be slightly higher or lower, but by which party crafts the better narrativeDespite one or two scares along the way, the UK has not suffered a recession since the deep slump of 2008-09, but it came close t…

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