Economic Analysis

New TUC analysis published today (Tuesday) finds that the UK ranks 28 out of 34 OECD countries for export growth since 2010. TUC General Secretary Frances O’Grady said: “The UK has been punching below its weight in global trade for almost two decades. But with investment and innovation rates so...
09 June 2015
Commenting on figures published today (Tuesday) from the Department for Business Innovation and Skills, which shows that graduates are typically earning more than £1,000 less now than five years ago, TUC General Secretary Frances O’Grady said: “While university leavers are still better paid and more likely to have a job...
09 June 2015
Commenting on the publication today (Thursday) by the Treasury of plans for in-year cuts to departmental budgets, which come ahead of announcements expected in the July Budget of further cuts including tax credits, TUC General Secretary Frances O’Grady said: “The Chancellor failed to meet his deficit targets in the last...
04 June 2015
Commenting on the economic review published today (Wednesday) by the ONS (Office for National Statistics), which finds that there is weak productivity growth and a changing composition of the workforce towards lower-skilled roles, TUC General Secretary Frances O’Grady said: “We need an economy that generates more wealth per working hour,...
03 June 2015
Commenting on the latest release today (Thursday) from the Office for National Statistics (ONS) on GDP figures, which confirms that the slowest recovery in modern history is slowing down again, TUC General Secretary Frances O’Grady said: “With growth so weak, the Chancellor’s plans to hit the economy with extreme cuts...
28 May 2015
Commenting on the speech the Chancellor of the Exchequer is making to the CBI this evening (Wednesday), TUC General Secretary Frances O’Grady said: “Productivity has stagnated while George Osborne has been Chancellor – a failure rooted in the weak recovery that he has delivered. It will not be boosted by...
20 May 2015
Commenting on today’s (Tuesday) new house price data from the Office for National Statistics, which shows an annual increase of 9.6 per cent compared to just 2.2 per cent for wages, TUC General Secretary Frances O’Grady said: “House prices are going up four times faster than people’s wages. No wonder...
19 May 2015
Commenting on the latest inflation figures published today (Tuesday), which show the Consumer Price Index (CPI) inflation in negative territory for the first time since 1960 and core inflation falling further to 0.8 per cent, TUC General Secretary Frances O’Grady said: “The first period of negative inflation in over half...
19 May 2015
18 May 2015 Commenting on the publication today (Monday) of data from the Office for National Statistics on earnings for workers in continuous employment, which shows that in 2014 full-time employees experienced the lowest wage growth since 1997, TUC General Secretary Frances O’ Grady said: “With full-time wage growth the...
18 May 2015
Commenting on the Bank of England’s latest economic outlook published today (Wednesday), which revises down growth forecasts for the next three years, TUC General Secretary Frances O’Grady said: “With the Bank of England warning that the economy is getting weaker, it would be disastrous for the Chancellor to rush ahead...
13 May 2015

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