Economic Analysis

Commenting on the latest GDP figures published today (Tuesday) by the Office for National Statistics (ONS), which show the rate of GDP growth falling by half to 0.3 from 0.6 per cent, TUC General Secretary Frances O’Grady said: “The slowest recovery in modern history just slowed down again. This is...
28 April 2015
New analysis published today (Tuesday) by the TUC, has found that 2010 to 2014 was the worst five-year period for living standards for at least half a century (directly comparable records begin in 1960). TUC General Secretary Frances O’Grady said: “Living standards have suffered the worst slump in at least...
28 April 2015
Commenting on the publication today (Thursday) by the Office for National Statistics of the latest public sector borrowing figures, which show that the deficit for 2014/15 of £87.3bn is £50bn larger than planned in 2010 because of the failure of the Chancellor’s economic strategy, TUC General Secretary Frances O’Grady said:...
23 April 2015
Responding to today’s (Friday) call from Nigel Farage to cap the minimum wage, TUC General Secretary Frances O’Grady said: “Not content with insulting television audiences, Mr Farage is today insulting the intelligence of voters with these economically illiterate remarks. “Capping the minimum wage would drive down earnings for low-paid workers...
17 April 2015
16 April 2015 New TUC-commissioned analysis published today (Thursday) of tax policies in the Conservative Party manifesto shows that the party has chosen to prioritise unfunded tax giveaways to the wealthy over support for the low-paid and middle earners. It shows that the big winners from unfunded tax cut proposals...
16 April 2015
Commenting on the latest inflation figures published today (Tuesday), which show Consumer Price Index (CPI) inflation at zero per cent for the second month in a row, and core inflation falling to one per cent, TUC General Secretary Frances O’Grady said: “With the threat of deflation set to continue, the...
14 April 2015
Commenting on the latest inflation figures published today (Tuesday), which show Consumer Price Index (CPI) inflation now at zero per cent, TUC General Secretary Frances O’Grady said: “Zero inflation is a reminder of how fragile the economy remains. Stagnating prices are not a sound foundation for the strong and sustained...
24 March 2015
Commenting on the publication today (Monday) of the Confederation of British Industry (CBI) report Best Foot Forward, which contains its recommendations for the first 100 days of the next government, TUC General Secretary Frances O’Grady said: “Businesses and trade unions agree on the need to increase capital spending as a...
23 March 2015
Commenting on the publication today by the Institute for Fiscal Studies of their analysis of the Budget, which calls on the Chancellor to come clean on who will be hit by the unprecedented cuts he is planning, TUC General Secretary Frances O’Grady said: “Osborne should come clean to working families...
19 March 2015
A new report, Productivity: no puzzle about it, published today (Thursday) by the TUC, argues that there is a straightforward explanation for low productivity in the UK economy – it is how the labour market has responded to poor economic growth, mainly caused by the government’s austerity economics. TUC General...
05 March 2015

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