Shifting priorities? Employer responsibility in the third year of the cost of living crisis
Think tank: The Work Foundation
Author(s): Asli Atay Budak; Emelia Williams; Jon Fitzmaurice
May 8, 2024
This report from UK think tank The Work Foundation looks at how employers are supporting their workers with rising costs.
Work Foundation analysis shows that low paid workers are vulnerable to the continued cost of living crisis as only 30% of British firms plan above inflation pay rises this year.
Our new report with the Pentland Centre for Sustainability in Business takes a look at how employers are supporting their workers with rising costs.
With interest rates at a 16-year high and the OBR predicting real wages will not return to 2008 levels until 2026, many low-paid workers continue to struggle to make ends meet with sustained higher prices and rising housing costs.
