Today’s figures (covering November to January) have people wondering if the labour market may be running out of road. The key figure in today’s release is for pay. Average weekly earnings for regular pay (3 month average) in January were just 1.2 per cent higher than they had been a year earlier – the fifth successive fall in the annual rate of increase.
Touchstone Economic Tracker
Best of the web
The relentless charm of Nigel Farage – Edward Docx, Prospect
David Cameron should beware the referendum trap – Steve Richards, The Guardian
The spirit of ’45 is not enough. The Left must come to terms with a changed world – James Bloodworth, The Independent
Ten myths about Margaret Thatcher exploded – Jeremy Warner, The Telegraph
Evidence-based politics: the case of the incredible shrinking Tory Party – Nick Cohen, The Spectator