Economic Issues

New report on pay bargaining outlook published. Pay Trends in 2016 and Outlook for 2017 is a new report for the TUC from Incomes Data Research setting out the state of pay in the UK. The report first analyses hundreds of 2016 settlements by sector before discussing the prospects for...
08 June 2017
UK workers will face the biggest real wage fall of any advanced economy in 2018, according to OECD figures released today (Wednesday).
07 June 2017
Bristol workers are £1,750 per year worse off in real terms than they were before the financial crash, according to new South West TUC analysis published today (Friday). The analysis shows that real wages in the city are 6.8% lower, on average, than they were in 2008. The South West...
02 June 2017
Workers in the South West are £1,500 a year worse off in real terms than they were before the financial crash, according to new TUC analysis. The analysis shows that real wages in the region are 6.7% lower, on average, than they were in 2008. The TUC says that things...
02 June 2017
On Wed 31 May the TUC took its message that Britain Still Needs a Pay Rise to the streets of Halifax, Slaithwaite, Cleckheaton and Dewsbury. Labour parliamentary candidates and union members turned out to leaflet and talk to the public about the issue. Pictured are Bill Adams, Regional Secretary with...
01 June 2017
Commenting on today’s (Thursday) revision down to 0.2% for GDP growth in the first quarter of 2017, which the Office for National Statistics says reflects household spending slowing down, TUC General Secretary Frances O’Grady said: “The next government will inherit an economy that needs serious attention. An urgent priority must...
25 May 2017
The TUC is today (Thursday) publishing new analysis of household debt, which finds that unsecured debt per household will reach a record high of £13,900 this year. TUC General Secretary Frances O’Grady said: “We’ve got this problem because wages haven’t recovered. Credit cards and payday loans are helping to prop...
25 May 2017
The TUC has responded to labour market data published today (Wednesday), which shows real earnings falling by 0.2%, by calling on parties contesting the general election to explain to voters how they would give Britain a pay rise. TUC General Secretary Frances O’Grady said: “Any party that’s serious about giving...
17 May 2017
Commenting on the latest inflation figures published today (Tuesday) by the Office for National Statistics – which show CPI inflation has risen to 2.7% and overtaken wage growth – TUC General Secretary Frances O’Grady said: “The last thing Britain needs is another real wage slump. But rising prices are hammering...
16 May 2017
Commenting on the Bank of England’s inflation report published today (Thursday), which forecasts that the real value of wages will fall by 0.8% in 2017, TUC General Secretary Frances O’Grady said: “British workers have already suffered the longest pay squeeze since Victorian times. It will worry them that the Bank...
11 May 2017

Pages