Economic Analysis

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Responding to Office for National Statistics data published today (Tuesday), showing the deficit growing because wages and income tax receipts are stagnating, TUC General Secretary Frances O’Grady said: “It’s time for George Osborne to admit he got his strategy wrong. Today’s figures show the deficit getting bigger as tax revenues...
21 October 2014
Commenting on today’s (Monday) report by the Social Mobility and Child Poverty Commission which warns that the UK’s poorest are being left behind, the TUC General Secretary Frances O’Grady said: “The report rightly highlights that in-work poverty is a significant and growing problem in the UK. It makes clear that...
20 October 2014
Responding to David Cameron’s plans to cut benefits and welfare for 18- to 21-year-olds announced today (Monday) TUC General Secretary Frances O’Grady said: “Young people are already facing a historic living standards squeeze. But instead of dealing with these problems the PM wants to make life even tougher for those...
20 October 2014
Tens of thousands of people from across the UK will come to London today (Saturday) to take part in Britain Needs a Pay Rise – the TUC-organised march and rally calling for an economic recovery for all, not just the wealthy. The march sets off from Embankment at approximately midday...
18 October 2014
Commenting on the latest inflation figures published today (Tuesday), which show a larger than predicted fall to 1.2 per cent while wage rises are running at just 0.6 per cent, TUC General Secretary Frances O’Grady said: “Seven years of falling real wages has left demand weak and the economic recovery...
14 October 2014
UK workers are suffering the longest and most severe decline in real earnings since records began in Victorian times, according to a new analysis published today (Sunday) by the TUC. This year, workers across the UK face the seventh consecutive year of falling real earnings – a situation that has...
12 October 2014
Responding to the publication today (Friday) of two reports by IFS on public and private sector pay, TUC General Secretary, Frances O’Grady said: “The IFS shows just how deep and long the pay squeeze has been for vital public sector staff. Already the NHS is having difficulty recruiting and retaining...
10 October 2014
New figures published today (Tuesday) by the Office for National Statistics (ONS) show that the UK’s living standards crisis is worse than previously thought, says the TUC. While the new ONS figures show better economic growth than previous estimates, they also revise down estimates of household disposable income. For 2013,...
30 September 2014
Commenting on the latest inflation figures published today (Tuesday), which show CPI inflation at its lowest level for five years, TUC General Secretary Frances O’Grady said: “With inflation well under control there is no case for raising interest rates any time soon. It would dump higher mortgage costs on households...
16 September 2014
Commenting on the latest GDP figures published today (Friday) by the Office for National Statistics (ONS), TUC General Secretary Frances O’Grady said:
25 July 2014

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