TheIndependent – David Blanchflower: The Bank Now Admits Pay Growth Is Going To Be Poor. They Should Have Listened To Me – 17 August 2014

The Independent

The unprecedented collapse in real wages under the Coalition is even greater than in the period of the Great Recession from 2008 until the Coalition took office in May 2010

By David Blanchflower

Quote: In its February 2014 Inflation Report the Bank of England’s Monetary Policy Committee argued that the outlook was “for only modest rises in wages”.

Read the full story at: www.independent.co.uk / link to original article

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