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.
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.
While the total level of employment in the UK continues to break records, real average wages are still declining steadily.
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.
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).