Economic Analysis

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Commenting on the publication today (Friday) of the latest data on public sector finances by the Office for National Statistics, TUC General Secretary Frances O’Grady said: “The poor performance of wages and job quality is the key reason the government’s deficit reduction plans have failed. Today’s statistics suggest that even...
20 February 2015
The government is collecting £33.4bn less in income tax and national insurance than official forecasts suggested because of the lack of earnings growth in the UK, according to independent analysis in The living standards tax gap just got bigger, a report published today (Monday) by the TUC. TUC General Secretary...
16 February 2015
Commenting on the inflation forecast published today (Thursday) by the Bank of England, TUC General Secretary Frances O’Grady said: “This forecast should be a wake-up call to government. The Chancellor has already delivered the slowest recovery in British history along with dramatic falls in living standards. Deflation would be no...
12 February 2015
New analysis published today (Thursday) by the TUC finds that the official growth forecasts based on George Osborne’s economic plans are dependent on household debt growing much faster than pay. The TUC analysis uses forecasts by the Office for Budget Responsibility to compare earnings and household borrowing for the period...
12 February 2015
This quarterly TUC report provides an analysis of UK economic and labour market developments over recent months, and includes a spotlight feature on the composition of current economic growth.
09 February 2015
Responding to analysis of proposals for future public spending cuts published today (Wednesday) as part of the Institute for Fiscal Studies' (IFS) Green Budget, TUC General Secretary Frances O’Grady said: “The IFS analysis shows that if the Conservatives are elected their spending cuts would be deeper than any other party,...
04 February 2015
Commenting on the latest GDP figures published today (Tuesday) by the Office for National Statistics (ONS), TUC General Secretary Frances O’Grady said: “This is the slowest recovery in modern history. George Osborne has already failed to meet the OBR's modest forecast for the economy last year, and today's figures show...
27 January 2015
This report is based on research by the Centre for Local Economic Strategies (CLES), commissioned by the TUC. The research explores the impact of austerity in England, focusing upon how changes in publically funded services affect both people and places across the country, now and in the years to come.
16 January 2015
Commenting on the latest inflation figures published today (Tuesday), which show Consumer Price Index (CPI) inflation falling sharply to 0.5 per cent – significantly below the threshold of one per cent that triggers an open letter from the Governor of the Bank of England to the Chancellor – TUC General...
13 January 2015
Responding to the announcement today (Thursday) by the Bank of England’s Monetary Policy Committee that interest rates will remain at 0.5 per cent, TUC General Secretary Frances O’Grady said: “With inflation at just 1 per cent, signs that economic growth is slowing, and deflation in the Eurozone, it's no surprise...
08 January 2015

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