From the TUC

UK goods exports fall for the second year in a row

Docks in the Firth of Forth

09 Feb 2016, by in Economics

Today’s trade figures indicated the difficulties faced by the UK’s hard pressed manufacturing industry. In cash terms, exports of goods have now declined for two consecutive years, by £20 billion in total or 7%. The left chart shows the coalition enjoyed the advantage of a trade revival when they took office, but this was short…

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Tougher economic conditions, but the IFS suggests the Chancellor’s rules are holding back growth

Florence Bates

09 Feb 2016, by in Economics

Yesterday the IFS set out a bleaker view for the economy and public finances in its Green Budget, which is published every year in the run-up to the Chancellor’s Budget Statement. Given the gloomy projections, let’s hope the government takes note, especially with regard to the fiscal mandate. Macroeconomic prospects: average Oxford Economics’ Andrew Goodwin…

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More likely to go to prison than university? But a degree doesn’t close the pay gap.

Florence Bates

01 Feb 2016, by in Equality

David Cameron’s front page of the Sunday Times announced a concerted Government anti-discrimination drive. Targeting universities, the police, the courts and the armed forces he said steps must be taken to tackle the ongoing discrimination that “should shame our country and jolt us to action”. Controversially he claimed that “if you’re a young black man,…

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GDP, inflation and optimism bias

Kam Gill

29 Jan 2016, by in Economics

January contains a number of key dates: New Year’s Day is obviously a big one, blue Monday (the day which some deeply dubious psychology has identified as the most depressing of the year), and it heralds the first release of the fourth quarter and thus calendar year GDP figures for the previous year. GDP results…

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