From the TUC

Cash savings are really struggling

growing pile of coins

04 May 2016, by in Economics

At the end of March the ONS released their latest Quarterly national accounts. The stats indicated that household savings are at a fifty year low. A new figure released today indicates that savings are lower than even the March figures implied. The national accounts ratio indicates the amount households and non-profit institutions serving households (NPISH) were…

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Brexit arguments on working time just don’t add up

Owen Tudor

03 May 2016, by in Working Life

The main workplace rights being targeted by Brexit supporters at next month’s referendum are around working time (although protection against discrimination, fairness for agency workers and health and safety are also in the frame). But do their sums really add up? Leave campaigners claim that the Working Time Directive and associated European Court of Justice judgments are…

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Lawyers confirm #Brexit would put your rights at work at risk

Owen Tudor

03 May 2016, by in Working Life

Today GQ Employment Law LLP has issued a report endorsing TUC concerns that Brexit could endanger rights at work. The ’boutique’ law firm suggests that weekly working time limits could well be under threat, along with overtime pay, and requirements to consult before mass redundancies would also be at risk. Protections for agency workers and reduced damages…

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#ISDS: Government position shows ideology trumps evidence

Owen Tudor

02 May 2016, by in International

We’re often told that Governments are committed to ‘evidence-based policy making’, although it often seems that it’s the other way round. Now we see, starkly revealed, how far the UK government’s trade policy is based far more on ideology than evidence. A Freedom of Information request from campaign group Global Justice Now has revealed that…

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NIESR report shows need to end race to the bottom on jobs

Rosa Crawford

28 Apr 2016, by in International

A report released this week by NIESR identifies low pay and precarious contracts as key reasons more local workers do not take up jobs in the hospitality, food processing and construction sectors. This has led employers in these sectors to draw on migrant workers from other EU countries, who face even more precarious conditions at home, to fill vacancies.…

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Now OECD adds its concerns about the risks of #Brexit

Owen Tudor

27 Apr 2016, by in Economic Reports

This morning the Organisation for Economic Co-operation and Development (OECD) gave its assessment of the impact of Brexit on the UK. The economic consequences of Brexit: a taxing decision adds the Paris-based club of rich democracies to the list of international (and domestic) institutions warning of the risks of voting to leave the UK. The…

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GDP figures: unsurprising underperformance

Florence Bates

27 Apr 2016, by in Economics

GDP Headlines: With statistics released today showing that GDP increased by a paltry 0.4 per cent in the first quarter of 2016, evidence suggests that a strong and secure economy is still a long way off. This fall from the 0.6 per cent growth in the fourth quarter of 2015 was not unexpected. The average…

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Many graduates still get little return on their investment, particularly if they’re BAME.

Kam Gill

26 Apr 2016, by in Equality

Graduate employment statistics released today indicate that in 2015 the percentage of graduates in high-skill (i.e. graduate) employment was only 66.2 per cent, meaning just over a third of graduates were in non-graduate positions.  Frances O’Grady commented: “There are simply not enough quality jobs for young people leaving university. Far too many graduates are being…

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