United Kingdom - Two decades of no earnings growth predicted - November 30, 2017
The country’s leading financial thinktank, the Institute for Fiscal Studies, has warned workers to expect an unprecedented two lost decades of earnings growth and many more years of austerity as a result of the marked slowdown in the economy announced in government budget. The Institute said in its post-budget analysis that forecasts slashing productivity, earnings and growth in every year until 2022 made ‘pretty grim reading’, and predicted that even by the middle of next decade, the public finances would still be in the red. The Institute has a special webpage with videos, graphs and other resources that detail the analysis.
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