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…

Read more

Has the UK escaped a recession? Experts debate the data

Two former members of Bank of England’s rate-setting committee on Britain’s economic prospectsBrexit uncertainty drives up job lossesHow has the Brexit vote affected the UK economySenior adviser to Cambridge Econometrics and member of the Bank’s MPC fr…

Read more

UK edges towards recession as service sector sinks

Surprise contraction as British firms face sliding sales, higher costs, job losses and disruptive BrexitBritain has edged closer to its first recession since the financial crisis after the country’s dominant service sector unexpectedly plunged into con…

Read more

Forget a 2008 Lehman Bros-style crash – this is how a ‘normal’ recession could start | Dan Davies

Current political uncertainty or trade restrictions could shock business confidence, but policymakers are fixated on financeThere’s a hoary old proverb in the financial markets that a crisis happens precisely when the institutional memory of the last c…

Read more

UK living standards hit by rising prices and weak wage growth

Resolution Foundation says households suffering worse than 1990s recessionBritain’s weak wage growth and rising prices have delivered a hit to living standards of a severity normally only seen during a deep recession, a leading thinktank has said.While…

Read more