TUC Economic Quarterly 3

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This TUC economic quarterly report provides an analysis of UK economic and labour market developments over the three months to February.

In this issue we find

  • The recovery remains unbalanced with business investment and net trade lagging expectations
  • Improvements in headline employment measures mask concerning regional trends.  Falls in real wages continue.
  • Since the recession the composition of the UK jobs market has changed, with part-time and self-employed work now more common and higher proportions of people working in lower paid sectors.
  • Post-2008 the economy has been marked by exceptionally weak productivity growth.
  • While stronger demand is likely to reverse some of the UK’s recent productivity falls, wider economic policy change is also likely to be necessary to deliver a better balanced and more productive recovery.
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