Economic Analysis

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Commenting on the Bank of England’s decision today (Thursday) to hold interest rates at 0.25%, and downgrading of its economic growth forecast, TUC General Secretary Frances O’Grady said: “Families will welcome the decision to hold rates. But while caution from the Bank is sensible, the government needs to be much...
03 August 2017
Commenting on ONS figures released today (Wednesday), which show GDP growth of just 0.3%, TUC General Secretary Frances O’Grady said: “The government is relying on consumers for what little growth we’re getting. But the signs of strain are starting to show, with real wages falling and families getting deeper into...
26 July 2017
Commenting on new ONS data published today (Friday), which show declines in manufacturing and construction for the period March to May, TUC General Secretary Frances O’Grady said: “With investment low, and disposable income falling, it’s hard to see where the impetus for stronger growth will come from without government action.
07 July 2017
This election was about bread and butter issues - what needs to change for ordinary working people.
09 June 2017
Commenting on today’s (Thursday) revision down to 0.2% for GDP growth in the first quarter of 2017, which the Office for National Statistics says reflects household spending slowing down, TUC General Secretary Frances O’Grady said: “The next government will inherit an economy that needs serious attention. An urgent priority must...
25 May 2017
The TUC is today (Thursday) publishing new analysis of household debt, which finds that unsecured debt per household will reach a record high of £13,900 this year. TUC General Secretary Frances O’Grady said: “We’ve got this problem because wages haven’t recovered. Credit cards and payday loans are helping to prop...
25 May 2017
Commenting on the latest inflation figures published today (Tuesday) by the Office for National Statistics – which show CPI inflation has risen to 2.7% and overtaken wage growth – TUC General Secretary Frances O’Grady said: “The last thing Britain needs is another real wage slump. But rising prices are hammering...
16 May 2017
London and the South East will account for two-fifths (40%) of the UK economy by 2022 if current trends continue, according to TUC analysis published today (Friday) ahead of the release of official GDP figures for the first quarter of 2017.
28 April 2017
Commenting on new figures published today (Wednesday) by the Office for National Statistics, which show annual business investment fell by 1.5% in 2016 – the first annual decline since the recession – TUC General Secretary Frances O’Grady said: "With private sector investment in retreat, the Chancellor must focus on closing...
22 February 2017
New analysis published today (Sunday) by the TUC shows that household debt rose sharply over 2016, with unsecured debt (debt other than mortgages) reaching new highs.
08 January 2017

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