UK faces two decades of no earnings growth, IFS warns

Thinktank says budget shows Brexit uncertainty and loss of productivity could put wages below their 2008 level in 2022Britain’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 new forecasts slashing productivity, earnings a