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family finances

Hammond to give boost to 'just managing families' in autumn statement

Hammond to give boost to 'just managing families' in autumn statement

Chancellor set to reveal grim economic forecasts next Wednesday as Office for Budget Responsibility prepares to issue its first projections of Brexit vote’s impactTell us how you might be
At a glance: autumn statement – 26 key points

At a glance: autumn statement – 26 key points

Philip Hammond has delivered his first autumn statement as chancellor. These are the key points, with political analysisAutumn statement 2016: live updatesRowena Mason, deputy political editor: The
IFS warns of biggest squeeze on pay for 70 years over Brexit

IFS warns of biggest squeeze on pay for 70 years over Brexit

Respected thinktank says UK’s withdrawal from EU will stoke inflation and peg back wages to below their 2008 level in 2021Workers in Britain face the longest squeeze on their pay for 70 years as
The IFS was not wrong to describe shrinking UK pay packets as dreadful

The IFS was not wrong to describe shrinking UK pay packets as dreadful

Given that real wages will still be below their 2008 level in 2021, the outlook for people on low and middle incomes is bleakDirectors of the Institute for Fiscal Studies normally avoid hyperbole.
Hammond needs to look beyond road-building to lift UK's productivity

Hammond needs to look beyond road-building to lift UK's productivity

Picking infrastructure is easy, but unless low pay in the services sector is addressed productivity goals will remain elusive All roads lead to Rome, and experience would suggest, all autumn
Major cut in EU migrants risks long-term damage to UK economy – report

Major cut in EU migrants risks long-term damage to UK economy – report

NIESR thinktank says hard Brexit would reduce annual GDP per head while giving only a ‘modest boost’ to wages of low paid A major cut in immigration from the European Union to Britain after Brexit
Gender pay gap checker reveals the good, the bad and the scandalous

Gender pay gap checker reveals the good, the bad and the scandalous

New ONS tool allows workers to see the disparity in pay on a job-by-job basis – from fishmongers to fitness instructors, cleaners to cooksIf you are a female traffic warden or probation officer read
Working people need fairer share of economic gains, says TUC head

Working people need fairer share of economic gains, says TUC head

Frances O’Grady calls for ‘new bargain’ and warns of threat to workers’ rights from BrexitWorking people in Britain must get a “new bargain” in 2017 that gives them a fairer share of the country’s
Consumer spending slowed over Christmas period, Visa figures show

Consumer spending slowed over Christmas period, Visa figures show

Spending fell 2.3% in December but was up for 2016 as a whole, with some raising concerns about mounting consumer debt Consumer spending slowed over the Christmasperiod, according to figures that
UK inflation hits two-year high of 1.6%

UK inflation hits two-year high of 1.6%

Air fares, imported raw materials, food and petrol price rises plus Brexit-fuelled fall in pound will squeeze family finances in 2017Inflation has jumped to the highest rate for two-and-a-half years,
UK inflation: now it's the pound in your pocket being devalued

UK inflation: now it's the pound in your pocket being devalued

The two-year window in which pay rises briefly outstripped inflation is well and truly over. Time to brace for higher prices and static wages Inflation is about to do at home what currency movements
Is Surrey council taking a stand, or letting the Tories off the hook? | Letters

Is Surrey council taking a stand, or letting the Tories off the hook? | Letters

Polly Toynbee’s article in praise of the leader of Surrey county council misses some fundamental points (It’s a crisis indeed when the social care rebels are Tories, 24 January). While David Hodge’s
Highly paid part-time roles on the up as employers embrace job shares

Highly paid part-time roles on the up as employers embrace job shares

Part-time jobs paying more than £40,000 a year have increased by more than 5% in the past year, with traditional nine-to-five structure being remodelled More than 770,000 high earners now work
UK faces return to inequality of Thatcher years, says report

UK faces return to inequality of Thatcher years, says report

Resolution Foundation says inflation, welfare cuts and squeeze on pay will punish least well-off hardestPressure on the government to help struggling Britons has intensified after a leading thinktank
Prepare for the worst: this inequality rift will tear our society apart | Richard Wilkinson and Kate Pickett

Prepare for the worst: this inequality rift will tear our society apart | Richard Wilkinson and Kate Pickett

The biggest rise in inequality since Thatcher is on its way, bringing economic instability, poverty, poor health, increased violence and fear among neighboursHomelessness and child poverty have risen,
No big pay rises for Britons despite inflation, says Bank of England

No big pay rises for Britons despite inflation, says Bank of England

Bank forecasts that UK pay growth is likely to slow despite hopes being raised as economy shrugs off effects of Brexit voteHopes of bumper pay rises as the economy shrugs off the effects of the Brexit
The UK's inflation foot soldiers: how the ONS measures the CPI

The UK's inflation foot soldiers: how the ONS measures the CPI

Old art of checking and recording by trained collectors remains at heart of compiling the index as data is also fed by software scanning online prices In a shop stacked to the ceiling with toys,
Brexit: the price of post-truth pounds in our pockets

Brexit: the price of post-truth pounds in our pockets

Fifty years after Harold Wilson’s speech, people are still talking a load of nonsense about sterlingThis year marks the 50th anniversary of Harold Wilson’s memorable broadcast following his
Days of low inflation are over with UK consumer finances to take a hit | Larry Elliott

Days of low inflation are over with UK consumer finances to take a hit | Larry Elliott

High street competition has helped rein in prices, but households are facing rising cost of living due to falling pound and rising commoditiesIt was nice while it lasted, but the days of ultra-low
Missing wage rises give lie to picture of full employment | Larry Elliott

Missing wage rises give lie to picture of full employment | Larry Elliott

With non-UK nationals representing most of 300,000 rise in number employed, labour supply is helping keep lid on wages Britain has all the hallmarks of a full-employment economy. The employment rate