#Budget2017: Stagnant earnings forecast ‘astonishing’

From BBC News: The prediction that average UK earnings in 2022 could still be less than in 2008 is “astonishing”, according to an independent economic think tank.

Paul Johnson, director of the politically independent Institute for Fiscal Studies, added that the economic forecasts published in the Budget made for “pretty grim reading”.

He highlighted that since 2014 growth in earnings has been “choked off”.

“We are in danger of losing not just one but getting on for two decades of earnings growth,” he said.

Read more

#ToryCompetence: UK national debt 1998-2017 infographic

The narrative of the Tory press is that the UK’s debt issues are all Gordon Brown’s doing, and¬†#ToryCompetence¬†(LOL) is saving the day.

This infographic from the Press Association tells an ever-so-slightly different reality.

#UKNationalDebt: The narrative of the Tory press is that the UK's debt issues are all Gordon Brown's doing, and…

Posted by Stop the Tories Channel on Saturday, November 25, 2017

Under the Tories the UK has seen the steepest decline in real wages among G7 countries

#ToryBritain #GE17 #StopTheTories

Posted by Stop the Tories Channel on Monday, April 24, 2017

 

Tory “economic competence”: Britain has biggest fall in real wages since financial crisis of any advanced country except Greece

From The Guardian: Britain has suffered a bigger fall in real wages since the financial crisis than any other advanced country apart from Greece, research shows.

A report by the TUC shows that real earnings have declined more than 10% since the credit crunch began in 2007, leaving the UK equal bottom in a league table of wages growth. Read more