The UK economy breaks more records – for all the wrong reasons
by Larry Elliott Economics editor from Economics | The Guardian on (#2FAZ5)
Forget national insurance rates. The IFS and Resolution Foundation focus on the real story: 15 years without a pay rise, a decade of lost growth
Fifteen years without a pay rise. The most protracted squeeze on real wages since Nelson's victory over Napoleon's fleet in the Battle of Trafalgar. A lost decade for productivity growth.
The gist of the post-budget analysis from two of Britain's leading thinktanks was simple: the economy continues to break records - mostly for the wrong reasons.
Related: No pay rise for 15 years, IFS warns UK workers
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