Wage growth to be worst since World War Two, IFS think-tank warns

UK households are facing their worst period for earnings growth since World War Two after a sharp downgrade in the economic outlook, a leading think-tank has warned. The Institute for Fiscal Studies (IFS) said workers were facing the "extraordinary and dreadful" prospect of more than a decade without real terms wage growth, in a briefing a day after the Chancellor's Autumn Statement. It said new forecasts produced by the independent Office for Budget Responsibility (OBR) showed that the outlook