PwC predicts increase in divorces, slide in house prices and drop in happiness index
Via Graham Watson
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Graham Watson's curator insight,
December 14, 2018 3:10 AM
The good news keeps coming, with the latest TUC report estimating that the average worker in nearly £12,000 worse-off in real terms, relative to 2008.
Hardly likely to boost growth, this sort of news is it?
Thomas Law's curator insight,
January 15, 2019 11:59 PM
According to The Guardian, wages are still worth a third less in some parts of the country than a decade ago. This means while inflation and many prices are rising, some workers are living off of considerably lower wages. The UK has been suffering through a tough wage slump, compared to other large scale economies. While the UK's job market being as strong as ever, they need to get some of their workers wages up to compensate for more expensive times. On the contrary, the government has cut income tax for 31 million people and has a wage growth plan that will hopefully bring up all of these peoples' wages. In addition, the UK is a fast growing place and with wages currently growing this can be the counterbalance to inflation and everything else going on. |
Graham Watson's curator insight,
June 11, 2019 8:41 AM
The latest unemployment data shows no change in the headline rate of unemployment but there's some interesting data if you drill down, not least in terms of wage growth, and by definition, real wage growth.
All of which implies that inflation could be around the corner but we'll deal with that when it arises. |
Merry Christmas from PwC, with the consultancy firm forecasting a return to 2006 in real wage terms, as the cost of living crisis continues to bite. There will also be a number of adverse social effects, rising divorce rates, lower levels of happiness, and, I suspect a slight uptick in crime levels.
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