After a decade of first wage-stagnation and then wage-slump, some analysts think it won’t be long before real earnings begin to rise again.
What happens to wages over the next year is first and foremost of great concern to hard-hit households. But it is also likely to greatly affect the sustainability of consumption and therefore the recovery, the path of future monetary policy and, indeed, the wider political debate between now and the next election.
This Resolution Foundation event threw light on the question and heard from some of the UK’s leading economists.
Speakers were:
Matthew Whittaker - Senior Economist, Resolution Foundation
David Smith – Economics Editor, Sunday Times
Nicola Smith – Head of Economics and Social Affairs, TUC
Ian Stewart – Chief Economist, Deloitte
John Philpott – Director, The Jobs Economist
Gavin Kelly (Chair) - Chief Executive, Resolution Foundation
State of Living Standards 2014: Presentations by James Plunkett, Alex Hurrell...ResolutionFoundation
This is the presentation from the Resolution Foundation event: The State of Living Standards held on 11th February 2014.
Household incomes are set to start rising again in 2015 after six years of decline according to the Resolution Foundation. The findings come in a detailed and authoritative assessment of the state of Britain’s living standards.
However, the report from the independent think tank also finds that growth in disposable income for the typical household is likely to be modest, barely positive in 2015-16 and less than one per cent a year for each of the following three years. As a result, despite improving, typical living standards will still be 3.5 per cent lower in 2018-19 than they were before the financial crisis of 2008, only just inching above the level they were last at in 2005-06
To read the full report go to: http://res-fdn.org/1cvoLYC
Closer to the Edge? Prospects for household debt repayments as interest rates...ResolutionFoundation
The number of families in Britain with perilous levels of debt repayments could more than double to 1.2 million if interest rates rise faster than expected in the next four years and household income growth is weak and uneven. In this extended version (no commentary) the Resolution Foundation's senior economist, Matthew Whittaker, sets out the first full analysis of how rising interest rates could affect families under different scenarios for the recovery in household incomes. A shorter version of these slides (with commentary is available at http://www.slideshare.net/ResolutionFoundation/closer-to-the-edge
Economic Outlook, Nordea, September 2010Nordea Bank
The outlook for the Nordics is fine: The outlook for the Nordic economies is still fine though clear signs have now emerged of an international slowdown.
Ekonomiska Utsikter, Nordea, September 2010Nordea Bank
Stark svensk ekonomi i särklass: Sveriges ekonomi varvar upp och närmar sig snabbt ett normalt konjunkturläge. Resursutnyttjandet stiger och arbetslösheten viker tydligt nedåt. Den höga tillväxten avtar nästa år för att åter accelerera 2012, enligt Nordeas konjunkturrapport.
State of Living Standards 2014: Presentations by James Plunkett, Alex Hurrell...ResolutionFoundation
This is the presentation from the Resolution Foundation event: The State of Living Standards held on 11th February 2014.
Household incomes are set to start rising again in 2015 after six years of decline according to the Resolution Foundation. The findings come in a detailed and authoritative assessment of the state of Britain’s living standards.
However, the report from the independent think tank also finds that growth in disposable income for the typical household is likely to be modest, barely positive in 2015-16 and less than one per cent a year for each of the following three years. As a result, despite improving, typical living standards will still be 3.5 per cent lower in 2018-19 than they were before the financial crisis of 2008, only just inching above the level they were last at in 2005-06
To read the full report go to: http://res-fdn.org/1cvoLYC
Closer to the Edge? Prospects for household debt repayments as interest rates...ResolutionFoundation
The number of families in Britain with perilous levels of debt repayments could more than double to 1.2 million if interest rates rise faster than expected in the next four years and household income growth is weak and uneven. In this extended version (no commentary) the Resolution Foundation's senior economist, Matthew Whittaker, sets out the first full analysis of how rising interest rates could affect families under different scenarios for the recovery in household incomes. A shorter version of these slides (with commentary is available at http://www.slideshare.net/ResolutionFoundation/closer-to-the-edge
Economic Outlook, Nordea, September 2010Nordea Bank
The outlook for the Nordics is fine: The outlook for the Nordic economies is still fine though clear signs have now emerged of an international slowdown.
Ekonomiska Utsikter, Nordea, September 2010Nordea Bank
Stark svensk ekonomi i särklass: Sveriges ekonomi varvar upp och närmar sig snabbt ett normalt konjunkturläge. Resursutnyttjandet stiger och arbetslösheten viker tydligt nedåt. Den höga tillväxten avtar nästa år för att åter accelerera 2012, enligt Nordeas konjunkturrapport.
“Global Regulatory Update” is a compilation of global and domestic news, opinions on regulatory issues, CII initiatives and representations on regulatory issues. The Update is aimed at keeping CII membership apprised of developments in the international and domestic corporate governance and regulatory landscape.
The Confederation of Indian Industry (CII), through long, deep and sustained engagement with Africa, plays a catalytic role in strengthening India – Africa ties, especially in the world of business.
CII started its Africa - focussed initiatives more than 25 years ago, and today is linked with 78 counterpart organizations in 37 African countries to facilitate exchange of information between Indian and African industry. CII also has ties with investment promotion agencies in Africa.
Closer to the Edge? Prospects for household debt repayments as interest rates...ResolutionFoundation
The number of families in Britain with perilous levels of debt repayments could more than double to 1.2 million if interest rates rise faster than expected in the next four years and household income growth is weak and uneven. In this slidecast the Resolution Foundation's senior economist, Matthew Whittaker, sets out the first full analysis of how rising interest rates could affect families under different scenarios for the recovery in household incomes.
“Global Regulatory Update” is a compilation of global and domestic news, opinions on regulatory issues, CII initiatives and representations on regulatory issues. The Update is aimed at keeping CII membership apprised of developments in the international and domestic corporate governance and regulatory landscape.
The Confederation of Indian Industry (CII), through long, deep and sustained engagement with Africa, plays a catalytic role in strengthening India – Africa ties, especially in the world of business.
CII started its Africa - focussed initiatives more than 25 years ago, and today is linked with 78 counterpart organizations in 37 African countries to facilitate exchange of information between Indian and African industry. CII also has ties with investment promotion agencies in Africa.
Closer to the Edge? Prospects for household debt repayments as interest rates...ResolutionFoundation
The number of families in Britain with perilous levels of debt repayments could more than double to 1.2 million if interest rates rise faster than expected in the next four years and household income growth is weak and uneven. In this slidecast the Resolution Foundation's senior economist, Matthew Whittaker, sets out the first full analysis of how rising interest rates could affect families under different scenarios for the recovery in household incomes.
An update of our zero-hours contracts analysis using data from the last quarter of 2013. Looking at the prevalence of ZHCs, the labour market experience of ZHC workers and paydifferentials between ZHC and non-ZHC workers.
Narrowed Horizons: the fiscal choices at Spending Review 2013 and beyondResolutionFoundation
The government's plans for deficit reduction have increasingly stark implications for public spending as their deadline draws nearer. The Resolution Foundations senior economist Matthew Whittaker explains the implications of current spending commitments and forecasts to the next election and beyond.
Dealing with debt presentation - Katie Blacklock and Matthew WhittakerResolutionFoundation
This is the slide presentation by Katie Blacklock and Matthew Whittaker at the Resolution Foundation event, Dealing with debt. It covers Resolution Foundation's latest analysis of which households are most at risk and what policy responses might be needed to help ease the adjustment back to a more normal era of monetary policy.
This event was held on 3 June 2014.
For more details go to: res-fdn.org/dealwithukdebt
This event was live tweeted at @ukdebt
Thomson Reuters Zawya Sukuk Perceptions and Forecast Study 2014Islamic_Finance
This report is designed to capture the outlook and appetite for sukuk and the specific characteristics that are appealing to the financial market based on primarily empirical data from investors and arrangers.
The report is available for free download on https://www.zawya.com/islamic-finance/global-reports-2013/
The Road Back Towards Full Employment: Sizing the UK jobs gapResolutionFoundation
Resolution Foundation analysis of the size of the UK jobs gap.
First presented at event on The road back towards full employment 23 May 2013 http://www.resolutionfoundation.org/events/road-back-fuller-employment/
Building pressure? Rising rents, and what to expect in the futureResolutionFoundation
The combination of high house prices and stagnating incomes over recent decades, coupled with the decline of social housing, mean that millions more of us are private renters. And they are renting for longer too. Private rents have risen swiftly in the wake of the pandemic. What happens next matters hugely for millions of families, and yet the drivers of private rental costs are poorly understood with a range of explanations being proposed for the post-pandemic surge.
To what extent has landlords selling up driven the recent rise in rental prices? Or are other factors – such as earnings growth or higher interest rates – more significant? What should we expect the future to hold for rents? And what does this mean for renters, landlords, and policymakers?
The Resolution Foundation is hosting an in-person and interactive webinar to debate and answer these questions. Following a presentation of the key highlights from new research on what is driving recent trends in private sector rent levels, we will hear from leading experts on the short and longer-term outlook.
Game changer? Assessing the Budget’s economic, and electoral, impactResolutionFoundation
The upcoming Spring Budget may be the last big fiscal event before the General Election, one of few chances for the government to set the terms of the economic debate. And with the government trailing heavily in the polls, and the economy entering a mild recession at the end of last year, the pressure is on to make it a game-changing Budget economically and electorally. But the Chancellor will also have to confront real trade-offs if he’s deliver a Budget that works for both the next six months, and the five years after that.
How big are the Chancellor’s tax cuts? Do they change the big picture of the government’s wider tax raising plans? What is the outlook for public services after the election? Where does the government plan to take the social security system, as it copes with rising numbers of us being sick or disabled? And will any of this make any difference to who forms the next government, and what they’re able to do?
The Resolution Foundation is hosting an in-person and interactive webinar to debate and answer these questions. Following a presentation of the key highlights from the Resolution Foundation’s overnight analysis of Spring Budget 2024, we’ll hear from leading experts on what the Budget means for the election, and the economy.
27052024_First India Newspaper Jaipur.pdfFIRST INDIA
Find Latest India News and Breaking News these days from India on Politics, Business, Entertainment, Technology, Sports, Lifestyle and Coronavirus News in India and the world over that you can't miss. For real time update Visit our social media handle. Read First India NewsPaper in your morning replace. Visit First India.
CLICK:- https://firstindia.co.in/
#First_India_NewsPaper
In a May 9, 2024 paper, Juri Opitz from the University of Zurich, along with Shira Wein and Nathan Schneider form Georgetown University, discussed the importance of linguistic expertise in natural language processing (NLP) in an era dominated by large language models (LLMs).
The authors explained that while machine translation (MT) previously relied heavily on linguists, the landscape has shifted. “Linguistics is no longer front and center in the way we build NLP systems,” they said. With the emergence of LLMs, which can generate fluent text without the need for specialized modules to handle grammar or semantic coherence, the need for linguistic expertise in NLP is being questioned.
role of women and girls in various terror groupssadiakorobi2
Women have three distinct types of involvement: direct involvement in terrorist acts; enabling of others to commit such acts; and facilitating the disengagement of others from violent or extremist groups.
31052024_First India Newspaper Jaipur.pdfFIRST INDIA
Find Latest India News and Breaking News these days from India on Politics, Business, Entertainment, Technology, Sports, Lifestyle and Coronavirus News in India and the world over that you can't miss. For real time update Visit our social media handle. Read First India NewsPaper in your morning replace. Visit First India.
CLICK:- https://firstindia.co.in/
#First_India_NewsPaper
Welcome to the new Mizzima Weekly !
Mizzima Media Group is pleased to announce the relaunch of Mizzima Weekly. Mizzima is dedicated to helping our readers and viewers keep up to date on the latest developments in Myanmar and related to Myanmar by offering analysis and insight into the subjects that matter. Our websites and our social media channels provide readers and viewers with up-to-the-minute and up-to-date news, which we don’t necessarily need to replicate in our Mizzima Weekly magazine. But where we see a gap is in providing more analysis, insight and in-depth coverage of Myanmar, that is of particular interest to a range of readers.
‘वोटर्स विल मस्ट प्रीवेल’ (मतदाताओं को जीतना होगा) अभियान द्वारा जारी हेल्पलाइन नंबर, 4 जून को सुबह 7 बजे से दोपहर 12 बजे तक मतगणना प्रक्रिया में कहीं भी किसी भी तरह के उल्लंघन की रिपोर्ट करने के लिए खुला रहेगा।
ys jagan mohan reddy political career, Biography.pdfVoterMood
Yeduguri Sandinti Jagan Mohan Reddy, often referred to as Y.S. Jagan Mohan Reddy, is an Indian politician who currently serves as the Chief Minister of the state of Andhra Pradesh. He was born on December 21, 1972, in Pulivendula, Andhra Pradesh, to Yeduguri Sandinti Rajasekhara Reddy (popularly known as YSR), a former Chief Minister of Andhra Pradesh, and Y.S. Vijayamma.
01062024_First India Newspaper Jaipur.pdfFIRST INDIA
Find Latest India News and Breaking News these days from India on Politics, Business, Entertainment, Technology, Sports, Lifestyle and Coronavirus News in India and the world over that you can't miss. For real time update Visit our social media handle. Read First India NewsPaper in your morning replace. Visit First India.
CLICK:- https://firstindia.co.in/
#First_India_NewsPaper
03062024_First India Newspaper Jaipur.pdfFIRST INDIA
Find Latest India News and Breaking News these days from India on Politics, Business, Entertainment, Technology, Sports, Lifestyle and Coronavirus News in India and the world over that you can't miss. For real time update Visit our social media handle. Read First India NewsPaper in your morning replace. Visit First India.
CLICK:- https://firstindia.co.in/
#First_India_NewsPaper
Future Of Fintech In India | Evolution Of Fintech In IndiaTheUnitedIndian
Navigating the Future of Fintech in India: Insights into how AI, blockchain, and digital payments are driving unprecedented growth in India's fintech industry, redefining financial services and accessibility.
हम आग्रह करते हैं कि जो भी सत्ता में आए, वह संविधान का पालन करे, उसकी रक्षा करे और उसे बनाए रखे।" प्रस्ताव में कुल तीन प्रमुख हस्तक्षेप और उनके तंत्र भी प्रस्तुत किए गए। पहला हस्तक्षेप स्वतंत्र मीडिया को प्रोत्साहित करके, वास्तविकता पर आधारित काउंटर नैरेटिव का निर्माण करके और सत्तारूढ़ सरकार द्वारा नियोजित मनोवैज्ञानिक हेरफेर की रणनीति का मुकाबला करके लोगों द्वारा निर्धारित कथा को बनाए रखना और उस पर कार्यकरना था।
1. ……………………………………………………………………………………………..
2014, year of the
pay rise?
Matthew Whittaker, Resolution Foundation
David Smith, Sunday Times
John Philpott, The Jobs Economist
Nicola Smith, TUC
Ian Stewart, Deloitte
Gavin Kelly, Resolution Foundation (chair)
4 February 2014
…………………………………………………………………………………………………………………………………………
…………………………………………………………………………………………………………………………………………
#ukwages
2. Making sense of pay data
……………………………………………………………………………………………………..
• Range of pay measures with sometimes conflicting messages
• Depends in part on coverage. Two key measures are:
– Average Weekly Earnings (monthly release, employer
survey, based on aggregate paybill data)
– Annual Survey of Hours and Earnings (annual release,
employer survey, directly reported pay)
• Depends also on the inflation rate used. Choices include:
– CPI (excludes mortgage costs)
– RPI (includes mortgage costs, but flawed methodology)
– CPIH (includes estimate of owner occupied housing costs)
– RPIJ (same coverage as RPI, but uses accepted method)
…………………………………………………………………………………………………………………………………………
…………………………………………………………………………………………………………………………………………
#ukwages
3. Variations on the wage squeeze
……………………………………………………………………………………………………..
According to
the ONS
Average
Weekly
Earnings
measure,
pay has
fallen in real
terms for
most of the
past five
years
…………………………………………………………………………………………………………………………………………
…………………………………………………………………………………………………………………………………………
#ukwages
4. Variations on the wage squeeze
……………………………………………………………………………………………………..
Annual
snapshot
provided by
ASHE
presents a
similar
picture, but
with some
variation
Comparison
suggests
situation
has
deteriorated
since latest
ASHE data
…………………………………………………………………………………………………………………………………………
…………………………………………………………………………………………………………………………………………
#ukwages
5. Variations on the wage squeeze
……………………………………………………………………………………………………..
Under range
of
alternative
wage (LFS,
AEI, AWE &
ASHE) and
inflation
(RPI, CPI &
CPIH)
measures,
the spread
of outcomes
is broad, but
the general
trend is
largely
unchanged
…………………………………………………………………………………………………………………………………………
…………………………………………………………………………………………………………………………………………
#ukwages
6. Variations on the wage squeeze
……………………………………………………………………………………………………..
With less
volatility
when bonus
payments
are excluded
Reflecting
the growing
importance
of bonuses
and
reactions to
changes in
the
additional
(50p) tax
rate
…………………………………………………………………………………………………………………………………………
…………………………………………………………………………………………………………………………………………
#ukwages
12. Making sense of pay data
……………………………………………………………………………………………………..
• Measures differ due to coverage, timing and choice of deflator
• Despite differences, basic story is similar: no sign of the wage
squeeze ending just yet
• Experiences have varied across the earnings distribution and
by worker characteristic
• Main pay data takes no account for growing number of selfemployed workers
…………………………………………………………………………………………………………………………………………
…………………………………………………………………………………………………………………………………………
#ukwages
13. ……………………………………………………………………………………………..
2014, year of the
pay rise?
Matthew Whittaker, Resolution Foundation
David Smith, Sunday Times
John Philpott, The Jobs Economist
Nicola Smith, TUC
Ian Stewart, Deloitte
Gavin Kelly, Resolution Foundation (chair)
4 February 2014
…………………………………………………………………………………………………………………………………………
…………………………………………………………………………………………………………………………………………
#ukwages