Tag Archives: Pay & Earnings

May 2023. The UK economy struggles along, shedding another 0.1% of GDP. The ‘size’ of the economy, measured as GDP, is a fraction (0.7% to be precise) greater than in May 2019, 4 long years ago. It’s still smaller than in the second half of 2019. Even worse, average real pay (i.e. after allowing for CPI inflation) is a fraction lower than it was in 2019 – in May 209, £499, in May 2023, £497. But that average masks a great deal of variety, between those whose pay has kept up with inflation...

May 2023. The UK economy struggles along, shedding another 0.1% of GDP. The ‘size’ of the economy, measured as GDP, is a fraction (0.7% to be precise) greater than in May 2019, 4 long years ago. It’s still smaller than in the second half of 2019. Even worse, average real pay (i.e. after allowing for CPI inflation) is a fraction lower than it was in 2019 – in May 209, £499, in May 2023, £497. But that average masks a great deal of variety, between those whose pay has kept up with inflation...

May 2023. The UK economy struggles along, shedding another 0.1% of GDP. The ‘size’ of the economy, measured as GDP, is a fraction (0.7% to be precise) greater than in May 2019, 4 long years ago. It’s still smaller than in the second half of 2019. Even worse, average real pay (i.e. after allowing for CPI inflation) is a fraction lower than it was in 2019 – in May 209, £499, in May 2023, £497. But that average masks a great deal of variety, between those whose pay has kept up with inflation...

Another week goes by.  Hundreds of thousands of workers, mainly public sector, on strike last week, and again this week. Pay deals way below inflation. Zero movement from government.  Continuing disruption and decay. Why can’t a settlement be reached?Just before Christmas, Prime Minister Sunak told us“I want to make sure that we reduce inflation and part of that is being responsible in setting public sector pay..”On 1st February, Mr Sunak’s Official Spokesman said“We want to have further...

Another week goes by.  Hundreds of thousands of workers, mainly public sector, on strike last week, and again this week. Pay deals way below inflation. Zero movement from government.  Continuing disruption and decay. Why can’t a settlement be reached?Just before Christmas, Prime Minister Sunak told us“I want to make sure that we reduce inflation and part of that is being responsible in setting public sector pay..”On 1st February, Mr Sunak’s Official Spokesman said“We want to have further...

Another week goes by.  Hundreds of thousands of workers, mainly public sector, on strike last week, and again this week. Pay deals way below inflation. Zero movement from government.  Continuing disruption and decay. Why can’t a settlement be reached? Just before Christmas, Prime Minister Sunak told us “I want to make sure that we reduce inflation and part of that is being responsible in setting public sector pay..” On 1st February, Mr Sunak’s Official Spokesman said “We want to have...

Policy Research in Macroeconomics (PRIME’s official name) is a company limited by guarantee, incorporated in England and Wales. It is company no. 07438334 and its registered office is at 11a Hatch Road, Pilgrims Hatch, Brentwood, Essex, CM15 9PU.We collect cookies on this website through web analytics. For more information, please read our Privacy Policy.

Policy Research in Macroeconomics (PRIME’s official name) is a company limited by guarantee, incorporated in England and Wales. It is company no. 07438334 and its registered office is at 11a Hatch Road, Pilgrims Hatch, Brentwood, Essex, CM15 9PU.We collect cookies on this website through web analytics. For more information, please read our Privacy Policy.

Our new research report, published today, looks at the state of the UK’s labour market, based on the most recent data from the Office for National Statistics. It compares these recent data with those from 2019, and sometimes with earlier data. You can download the report here. The report looks at a wide range of issues, including size of the workforce, the economically active and inactive, employees and self-employed, full and part-time workers. It also examines data on developments in...

Photo from Paris demo October 2017 (by Jeanne Menjoulet , via https://commons.wikimedia.org/wiki/File:Make_our_public_services_great_again_(23768004778).jpg PRIME is supporting a new programme to develop and communicate universal basic services (UBS) as a route to wellbeing for all, greater equality, full and decently-paid employment,...