Economic Analysis

Commenting on the publication today by the Office for National Statistics of December figures on manufacturing, which show that output is down 1.7% on a year ago and down 7.5% on the pre-crisis peak, TUC General Secretary Frances O’Grady said: “These disappointing figures coincide with a cross-party group of MPs...
10 February 2016
Commenting on new trade figures published today by the Office for National Statistics, which show a widening of the calendar year trade deficit as exports sales have continued to decline, TUC General Secretary Frances O’Grady said: “Another poor set of trade and export figures is no surprise given how little...
09 February 2016
Commenting on the latest GDP figures published today (Thursday) by the Office for National Statistics, which show overall growth of 0.5% but no growth in manufacturing and construction now in recession, TUC General Secretary Frances O’Grady said: “It's a big concern how fragile the recovery still looks, and how unbalanced...
28 January 2016
Average pay (median) in Britain is still worth £2,270 less in real terms than it was in 2008 – a shortfall of £44 a week – according to new analysis published by the TUC today (Friday). TUC General Secretary Frances O’Grady said: “Working people deserve a fair share of the...
22 January 2016
Commenting on the latest inflation figures published today (Tuesday), which show Consumer Price Index (CPI) inflation has risen slightly to 0.2%, TUC General Secretary Frances O’Grady said: “Continuing low inflation and a slowdown in growth show the recovery is becoming more vulnerable.
19 January 2016
Commenting on the latest figures for UK manufacturing published today (Tuesday) by the Office for National Statistics, which show a decline of 0.4% on the month, TUC General Secretary Frances O’Grady said: “George Osborne’s cocktail of threats has been spiked with his own failures. Not least of these is manufacturing,...
12 January 2016
New analysis published today (Friday) by the TUC shows that household debt is rising again, with total unsecured debt reaching a new high. TUC General Secretary Frances O’Grady said: “Rising household debt signals that too many people are still struggling to make ends meet. The government must do more to...
08 January 2016
In her New Year message published today (Thursday), TUC General Secretary Frances O’Grady calls on government, unions and employers to make 2016 the year we end the two-speed economy – and make sure no workers are left behind. New TUC analysis, published alongside her message, shows that the average weekly...
31 December 2015
Commenting on the latest labour market statistics published today (Wednesday) by the Office for National Statistics, which show annual pay growth slowing to 2.4%, TUC General Secretary Frances O’Grady said: “While it’s good news that employment continues to rise, the slowdown in pay growth is a real cause for concern.
16 December 2015
Commenting on the latest inflation figures published today (Tuesday), which show the Consumer Price Index (CPI) inflation at 0.1 per cent, TUC General Secretary Frances O’Grady said: “Near-zero inflation is not a sign of economic progress. The UK economy still faces significant challenges.
15 December 2015

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