Economic Analysis

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
Commenting on the latest labour market statistics published today (Wednesday) by the Office for National Statistics, TUC General Secretary Frances O’Grady said: “Behind the headline figures, we still don’t have enough of the well-paid secure jobs that people want for themselves and their children. With construction already in decline and...
13 May 2015
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

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