UK faces two decades of no earnings growth and more austerity, says IFS
(The Guardian Money News)

Thinktank´s budget analysis says forecasts for lower productivity, earnings and growth until 2022 were `pretty grim reading´Britain´s leading financial thinktank has warned workers to expect an unprecedented two lost decades of earnings growth and many more years of austerity as a result of the marked slowdown in the economy announced in Philip Hammond´s budget.The Institute for Fiscal Studies said in its traditional post-budget analysis that forecasts slashing productivity, earnings and growth in every year until 2022 made `pretty grim reading`, and predicted that even by the middle of the next decade, Britain´s public finances would still be in the red. Continue reading...