Economic Issues

The TUC has expressed concern at the government’s announcement today (Thursday) that the state-backed National Employment Savings Trust (NEST) will not be allowed to offer retirement income products.
02 March 2017
Thursday 2 March 2017: For immediate release Just one in three (35%) part-time workers in the private sector is in a pension scheme, according to ONS figures published today (Thursday). TUC General Secretary Frances O’Grady said: “It’s very worrying that millions of part-time workers don't have pensions. Women make up...
02 March 2017
- The UK ranks 103 out of 112 countries for wage growth over the post-crisis period - The value of the average wage in the UK fell by 1% a year over 2008 to 2015 - Budget must deliver plan to get wages rising faster, says TUC
27 February 2017
Today is Work Your Proper Hours Da y . It's the day in the year when the average person who does unpaid overtime stops effectively working for free and starts earning for themselves. More than 5.3 million people do unpaid overtime in the UK, putting in an average of 7.7...
24 February 2017
Commenting on new figures published today (Wednesday) by the Office for National Statistics, which show annual business investment fell by 1.5% in 2016 – the first annual decline since the recession – TUC General Secretary Frances O’Grady said: "With private sector investment in retreat, the Chancellor must focus on closing...
22 February 2017
Responding to the publication today (Monday) of the government’s green paper on defined benefit pensions, TUC General Secretary Frances O’Grady said: “It’s encouraging that the green paper concludes that defined benefit pension schemes are affordable. “We now need to make sure that reforms deliver greater security in retirement for working...
20 February 2017
Simon Stevens, Chief Executive of NHS England, wasn’t pulling his punches at the Public Accounts Committee last month. “There are very clearly substantial pressures and it doesn’t help anybody to try and pretend that there aren’t” he continued, obviously irked by the Prime Minister’s constant reiteration of by now largely...
20 February 2017
Commenting on the latest labour market data published today (Wednesday) by the Office for National Statistics, which show real pay growth (excluding bonuses) down to 1.4% – the lowest for nearly two years – TUC General Secretary Frances O’Grady said: “With prices rising faster, real pay growth is now slowing...
15 February 2017
Commenting on the publication today (Wednesday) of a report by the Joseph Rowntree Foundation, which finds that almost 3 million working households do not meet the minimum income standard, TUC General Secretary Frances O’Grady said: “This will come as no surprise to working people. The Prime Minister needs to tell...
15 February 2017
Commenting on the latest inflation figures published by the Office for National Statistics today (Tuesday), which show Consumer Price Index (CPI) inflation rising to 1.8% in February – the highest since June 2014 – TUC General Secretary Frances O’Grady said:
14 February 2017

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