Britain’s underlying wage growth stagnated after the coronavirus pandemic, a study by the Resolution Foundation showed, casting doubt on concerns that the nation faces an inflationary spiral. The researcher said its measure of average pay, adjusting for differences in the nature of individual workers, remained 2.7% last year, the same as in 2019 before the coronavirus hit. Resolution said that higher headline wage growth in official figures is mainly due to the end of the government’s furlough program and out-sized gains in four industries struggling to attract workers. The findings undercut the idea that a surge in ... (full story)