The falls in nominal wages that workers have experienced during this recession are unprecedented, and seem to provide at least a partial explanation for why unemployment has risen less, and productivity has fallen more, than might otherwise have been expected.
To the extent that it is better for individuals to stay in work, albeit with lower wages, than to become unemployed, the long-term consequences of this recession in terms of labour market performance may be less severe than following the high unemployment recessions of the 1980s and 1990s.
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The book by Cameron comms chief Sir Craig Oliver reveals that Mr Cameron was frustrated with Theresa May's neutrality during referendum.
Cloud and outbreaks of rain will ease away eastwards during the morning, clearing the east coast around midday with sunny spells developing.
Police and emergency services are attending the scene.