TUC Economic Quarterly 8

This quarterly TUC report provides an analysis of UK economic and labour market developments over recent months.

The growth rate of the UK economy slowed in 2015, following a more rapid expansion in 2014. This slowdown was common to a number of countries. In the UK there are still material gains in employment but any revival in earnings growth appears to have been short-lived. The headline rate of inflation has fallen to zero per cent, the lowest since 1931.

This quarterly looks at the factors driving this shift in growth, the response of the labour market and public finances and considerations related to the fall in prices. A spotlight feature looks at the impact of public sector job cuts on labour market figures.