Economic Analysis

Commenting on the decision today by the Bank of England’s Monetary Policy Committee to cut interest rates to 0.25% and expand its quantitative easing programme, TUC General Secretary Frances O’Grady said: “The Bank is right to respond quickly to the early signs of trouble for the economy following the Brexit...
04 August 2016
Commenting on the publication today (Wednesday) of survey data by Markit, which indicates output falling in July across a combined index for services, manufacturing and construction, TUC General Secretary Frances O’Grady said: “Action from the Bank of England to help keep the economy moving will be welcome. But with interests...
03 August 2016
Commenting on the latest GDP figures published today (Wednesday) by the Office for National Statistics, which show overall growth of 0.6% for the last quarter, TUC General Secretary Frances O’Grady said: “It’s good news that growth strengthened in the last quarter before the referendum. The priority now is protecting growth...
27 July 2016
Commenting on the latest inflation figures published today (Tuesday), which show Consumer Price Index (CPI) inflation at 0.5%, TUC General Secretary Frances O’Grady said: “The UK’s continuing low inflation is a sign that the economy is below full strength. Theresa May’s government has shown a new willingness to take action...
19 July 2016
The TUC has today (Friday) published findings from a poll taken immediately after the EU referendum ballot closed, and its action plan for protecting jobs and industry. TUC General Secretary Frances O’Grady said: “Working people’s wages have not recovered since the financial crash of 2008. They must not be asked...
01 July 2016
Commenting on the latest labour market data published today (Wednesday) by the Office for National Statistics, which show the employment rate remaining high, but regular annual pay growth down slightly to just 2.1%, TUC General Secretary Frances O’Grady said: “While the employment rate has recovered, it seems to be at...
18 May 2016
Commenting on the latest inflation figures published today (Tuesday), which show Consumer Price Index (CPI) inflation falling to 0.3% , TUC General Secretary Frances O’Grady said: “The UK’s continuing low inflation is a sign that the economy still lacks the demand needed to get back to full strength. We need...
17 May 2016
Commenting on the latest GDP figures published today (Wednesday) by the Office for National Statistics, which show overall growth of just 0.4% and falls in manufacturing and construction, TUC General Secretary Frances O’Grady said: “Falls in manufacturing and construction are a serious concern, keeping growth at a three-year low. The...
27 April 2016
Commenting on the latest inflation figures published today (Tuesday), which show Consumer Price Index (CPI) inflation up to 0.5%, TUC General Secretary Frances O’Grady said: “Despite a small rise, the overall picture is still of very low inflation. It indicates that the economy is still not at full strength, with...
12 April 2016
Commenting on the latest inflation figures published today (Tuesday), which show that Consumer Price Index (CPI) inflation has risen slightly to 0.3 %, while core inflation has fallen from 1.4% to 1.2 %, TUC General Secretary Frances O’Grady said: “Continuing low inflation is a sign that the economy is not operating at full strength.
16 February 2016

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