Inflation fell to its lowest level on record in January and is predicted to slide further in the coming months - easing pressure on households who are now spending more.
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ESRC press coverage
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Scoop.it!
The economy is producing more than it has ever produced before - so should we not feel more prosperous than ever before?
ESRC's insight:
The article cites figures from the Institute for Fiscal Studies which is funded by the ESRC. |
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We have revised up our forecast for GDP growth in 2015 significantly, to almost 3 per cent. This is almost entirely due to the sharp fall in the oil price.
ESRC's insight:
The article cites the National Institute for Economic and Social Research, which receives funding from the ESRC.
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Bank of England Governor Mark Carney this week stressed that the UK’s economic recovery will only become sustainable when there are “substantial” increases in real wages. But in research published Thursday by the London School of Economics, two leading British economists say there are good reasons to doubt that real wages will pick up any time soon.
ESRC's insight:
Professor Stephen Machin works at the ESRC Centre for Economic Performance. Article originally published on 1 May 2014. |
The article cites analysis from the ESRC-funded Institute for Fiscal Studies.