This week we’ve received two big bits of economic news: CPI inflation fell to just 0.3% in January, while earnings growth remained roughly steady at 1.7% in the three months to December.
Chart of the Week: Week 51, 2014: Clash of the Titans
Our annual Clash of the Titans economic forecasting competition is taking place tomorrow night (the 18th December), so we’ve taken a look back at last year’s predictions and how they compared to what actually happened.
Chart of the Week: Week 29, 2014: Employment and Earnings
While the total level of employment in the UK continues to break records, real average wages are still declining steadily.
Chart of the Week: Week 4, 2014: Unemployment and Earnings
The monthly labour market statistics brought further good news this week as the unemployment rate fell to 7.1% in the three months leading up to November 2013.
Chart of the Week: Week 50, 2013: UK Average Earnings Forecast
The Economic Research Council’s third annual Clash of the Titans was held last night, and we received three sets of forecasts from three leading economic thinkers (you can see their forecasts in full here).