UK needs new plan to reverse hit to living standards, researchers say

LONDON – Britain needs a new economic strategy to reverse 15 years of falling living standards and worsening inequality, a leading think tank and an academic research centre said on Monday. British productivity growth has been half that of other rich economies, costing workers an average of 10,700 pounds ($13,577) a year in lost pay, the Resolution Foundation and the London School of Economics’ Centre for […]

UK needs new plan to reverse hit to living standards, researchers say
LONDON – Britain needs a new economic strategy to reverse 15 years of falling living standards and worsening inequality, a leading think tank and an academic research centre said on Monday. British productivity growth has been half that of other rich economies, costing workers an average of 10,700 pounds ($13,577) a year in lost pay, the Resolution Foundation and the London School of Economics’ Centre for […]