Amid the flurry of pre-election pledges made by each party, the Conservatives' 'Tax-Free Minimum Wage' attracted a curious mix of attention... Rather than a trivial tweak, the implications of this policy are potentially substantial and could lead to additional tax cuts, which could be announced as early as at next week's Budget.
The five things you need to know on Friday June 5 2015... 1) CHARITY DOESN’T BEGIN AT HOME George Osborne was the axeman
The General Election is just 10 months away. But the focus of its debate is a generational challenge to share the benefits of growth, in an environment of ongoing reductions in public spending. The good news is that the current squeeze in living standards is not inevitable and there are choices we make to reach a different outcome.
Nearly three out of four workers stayed trapped on low pay over the last decade, a new study by the Resolution Foundation
Almost half the British public expect to be worse off by the time of the next election in 2015 than they are now a survey
While low pay and in-work poverty have risen up the economic agenda in recent years, our policy debate has been stuck in a loop. Ask most Labour politicians about low pay and you can expect a well-intentioned but passive mixture of pride in the minimum wage and warm words on the living wage before the topic is changed to the importance of protecting support like working tax credits.
Amidst this week's economic gloom were two bright spots of the jobs market. First, new stats from the ONS led to widespread reports that employment had again reached record levels, with the number of people in work rising 131,000 in the quarter to 29.7 million. Then the OBR upgraded its forecasts for employment over the next few years.
As always, it's the policy pronouncements that attract the attention on Budget day. A cheap pint is much more interesting than the minutiae of OBR figures. But the big story on Wesndesday in terms of its impact on households didn't come from the Chancellor.
As the prime minister and leading commentators have been fond of pointing out - and rightly so - employment is now back to pre-crisis levels, making this one of the few economic indicators not keeping the Chancellor up at night. Yet step back from a narrow focus on the number of people in work and the challenge we face on employment is daunting.
Former Chief of CBI Denies UK Has Had Uncontrolled Immigration, Tell That to Those on Low to Middle Incomes Who Have Lost Their Jobs Mr Lambert
My view is that uncontrolled immigration has led to wholesale job losses for the unskilled and semi-skilled; put a strain on the housing stock and has led to men in this category earning less than their womenfolk for the first time.