In the News
Labour Market Update: Tesco raises pay and the top 1% take more income

8th April 2022
Competition in the labour market - with Tesco increasing their hourly pay rate to £10.10 in an attempt to attract new workers and keep their existing staff as the labour market becomes increasingly competitive.
It's an attempt to match similar moves by Lidl, Morrisons and Sainsbury's who are all paying £10 per hour.
Income Inequality
The latest IFS research highlights the extent to which there's continuing income inequality in the UK, with the top 0.1% of income earners having an annual income of over £500,000.
The research goes on to argue that one of the things that perpetuates this is the tax system, that taxes profits, dividends and capital gains of business owners at a lower rate than incomes, meaning that many of the economy's richest are able to reduce their tax liabilities.
Cost of Living Crisis and Real Incomes
Simon Jack briefly looks here at why businesses face the perfecrt storm - a rise in National Insurance contributions, rising energy prices and, although it's not explicitly stated here, uncertainty about the future state of the economy and shaky consumer confidence in the face of a cost of living crisis.
You might also like

Trouble ahead for the UK Economy
30th December 2022

Four Reasons to Expect Falling Inflation during 2023
27th December 2022

Rising inflation hits living standards for India's middle class
15th December 2022

UK Economy Update December 2022: Watching for Signs of Recession
1st December 2022

Energy Update: News Stories on the Cost of Living Crisis
28th November 2022

Inflation Reaches 11% - A Look Inside Britain's Cost of Living Crisis
16th November 2022

Fiscal Policy - How Much Could be Raised by a Wealth Tax?
27th October 2022

Tesco Raises Prices for Meal Deals
22nd October 2022