britons feeling the pinch
Last Updated : GMT 09:40:38
Themuslimchronicle, themuslimchronicle
Themuslimchronicle, themuslimchronicle
Last Updated : GMT 09:40:38
Themuslimchronicle, themuslimchronicle

as real wages fall

Britons feeling the pinch

Themuslimchronicle, themuslimchronicle

Themuslimchronicle, themuslimchronicleBritons feeling the pinch

Workers' average weekly earnings adjusted for inflation fell 0.4 percent
London - Muslimchronicle

Stagnant wages and Brexit-spiked inflation are hitting young Britons hard, an expert who resigned in protest from a government body last month told AFP, as new data showed the country was feeling the pinch.

Workers' average weekly earnings adjusted for inflation fell 0.4 percent year-on-year from August to October 2017 -- an erosion of purchasing power.

"The impact of falling real wages is that young people are staying longer in their family home, delaying childbirth and renting rather than buying housing," Paul Gregg, head of the University of Bath's social policy research unit, told AFP.

Gregg resigned from the National Social Mobility Commission last month along with its leader Alan Milburn and two others, citing a lack of government action to improve the living standards of the poorest.

"For the first time there's generations coming through that haven't got higher living standards than the previous generation and in terms of home ownership are way behind," he said.

The Social Mobility Commission last month released a report highlighting the "coldspots" around Britain where children from disadvantaged backgrounds are least likely to do well in future life.

"Coldspots have lower wages because of the general absence of larger firms and reliance on lower wage industries such as tourism, retail, hospitality."

Many of them also suffer from poor transport links and education and low occupational mobility.

All 30 of the worst zones for social mobility in the UK voted in favour of Brexit in last year's referendum, and many of them also suffer from poor transport links and education provision.

Gregg said the government should focus investment on these areas, by developing "transport connections, access to high speed internet and a regional development strategy that addresses remote areas not just cities."

Referring to his decision to resign from the Social Mobility Commission, which was created in 2010, he said: "It got to the point where it felt like we were banging our head against a brick wall.

"We've got this extended period where stagnant living standards and austerity has been the political offer and that's not very attractive."

source: AFP
themuslimchronicle
themuslimchronicle

GMT 06:57 2018 Sunday ,21 January

A fake news article reports

GMT 08:17 2018 Monday ,15 January

Cryptocurrency rivals snap at Bitcoin's heels

GMT 08:46 2018 Wednesday ,10 January

Hodgson praises VAR system

GMT 10:46 2017 Wednesday ,01 November

on 'hidden epidemic' of gambling

GMT 07:37 2017 Wednesday ,09 August

British hacker's arrest problematic
Themuslimchronicle, themuslimchronicle
Themuslimchronicle, themuslimchronicle

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

britons feeling the pinch britons feeling the pinch

 



Themuslimchronicle, themuslimchronicle

GMT 09:23 2017 Wednesday ,19 April

1105 food baskets distributed in Yemen

GMT 09:35 2018 Monday ,08 January

Trump marijuana policy reversal stokes fears

GMT 11:09 2017 Saturday ,16 December

Russia poses risk to undersea cables: UK defense chief

GMT 09:56 2017 Thursday ,02 November

Digital subscriber gains rev up NY Times profit

GMT 01:38 2016 Thursday ,29 December

Iraqi President meets Kuwaiti Foreign Minister

GMT 17:37 2017 Tuesday ,21 February

Le Pen refuses to wear veil, fails to meet with Mufti

GMT 01:48 2016 Monday ,13 June

Pioneering solar pilots 'make sci-fi a reality'

GMT 18:45 2016 Wednesday ,21 December

Several Qaeda militants killed in drone strike

GMT 07:28 2018 Thursday ,11 January

As US freezes aid, Pakistan dismisses economic fears

GMT 11:14 2017 Sunday ,12 March

My video is flagrant but smashed the charts

GMT 09:21 2018 Wednesday ,10 January

unveils London boutique and appoints MG Empower

GMT 07:48 2018 Thursday ,04 January

L’Oréal Professionnel unveils Alexa

GMT 07:41 2017 Saturday ,19 August

Brief tourism impact from Spain attacks

GMT 00:02 2017 Friday ,22 December

UK-Iranian prisoner could be released

GMT 21:53 2016 Tuesday ,14 June

Israeli tech second only to Silicon Valley

GMT 00:25 2017 Friday ,27 October

Ex-HSBC executive can face US extradition: UK court

GMT 07:44 2017 Wednesday ,20 September

Iran asks award-winning film-maker to report to prosecutor

GMT 10:34 2017 Saturday ,11 November

Politics free? Even country music awards poke Trump

GMT 07:59 2017 Sunday ,17 December

Embassy in London marks Accession, National Days
Themuslimchronicle, themuslimchronicle
Themuslimchronicle, themuslimchronicle
 
 Themuslimchronicle Facebook,themuslimchronicle facebook  Themuslimchronicle Twitter,themuslimchronicle twitter Themuslimchronicle Rss,themuslimchronicle rss  Themuslimchronicle Youtube,themuslimchronicle youtube  Themuslimchronicle Youtube,themuslimchronicle youtube

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2023 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2023 ©

muslimchronicle muslimchronicle muslimchronicle muslimchronicle
themuslimchronicle themuslimchronicle themuslimchronicle
themuslimchronicle
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
themuslimchronicle, themuslimchronicle, themuslimchronicle