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. Johnson pointed out just how woeful the productivity performance of the UK economy had been since 2008. This is completely unprecedented.”Top earners have had a relatively tough time, with their real earnings 12% lower in 2015-16 than they were when the recession started. Weak pay growth and benefit cuts mean that for the poorest third of households, the second half of the 2010s will actually be tougher than the first half.

Source: The Guardian March 09, 2017 18:41 UTC