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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McDonnell takes on McDonald’s over tax and workers’ pay

Labour’s shadow chancellor says fast food firm must pay more tax in UK and raise wages John McDonnell has accused McDonald’s of failing to pay enough tax in Britain and demanded a wage rise for its workers and trade union rights to organise at its rest…

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TUC: household debt for average family now more than £14,000

Median wages still languishing £20 a week below pre-financial crash levels, according to ONSHousehold debt soared by a third to record levels in the past decade as workers struggled to cope with the impact of a prolonged squeeze on wages, a new report …

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Tory plan to outspend Labour turns party’s principle on its head

The Damascene conversion to a spending splurge funded via borrowing may not wash with voters, let alone the IFSBy any standards, the UK’s economic performance in the 2010s has been poor. Workers are still earning less in inflation-adjusted terms than t…

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