What Independence is About – making things better for people
‘Decades of very low UK wage growth’
Fifteen years of wage stagnation has left British workers £11,000 worse off a year, according to research broadcast by BBC Panorama.
The Resolution Foundation, which focuses on low-to-middle income families, examined what wages might be today if growth seen before the 2008 financial crisis had not fallen away.
It also found typical UK household incomes have fallen further behind those in Germany. In 2008, the gap was over £500 a year, now it is £4,000.
Our Society
Among the big global capitals, only gangster-ridden, corrupt, Moscow accounts for a greater share of GDP (those same rich Russians often said to be using London as their money launderer of choice). Advocates of Union don’t call it ‘trickle-north’ economics, but it would be an apt hat tilt to the conmen who brought us ‘trickle-down’ economics, if they did.
The ‘City of London’ is home to ‘high finance’ and, coincidentally, the world’s money laundering and tax evasion as the centre of the web connecting all the former British colony tax-havens. The ‘City’ is a strange little enclave, with its own laws and police. It has far more influence on what UK economic policy should be concerned with than far off Scotland (or the rest of England, Wales, Ulster). There are major consequences for those places.
Does the UK seem like the best vehicle to see living standards rise in Scotland to you? Can we do better?
