From the TUC

Geoff Tily's Articles

A note on the economic impact of Roosevelt’s New Deal

06 Apr 2017, by in Economics

This post is brief background to a longer piece that views Roosevelt’s economics through his impact on Washington D.C. The economic statistics show his initiatives brought the US great depression to a decisive end; they also stabilised the deterioration in the public sector finances. Yet the efforts can be dismissed as trivial. A former Chair…




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Controversies around inflation measurement: Have annual real wages fallen by £2,100 or £1,200 or £800?

22 Mar 2017, by in Economics

Whatever way you look at it, this week’s inflation figures illustrate the threat to living standards that result from the fall in sterling after the referendum. Headline inflation in February rose to 2.3%. Last week’s average earnings data for January (regular pay) was 2.3%. Real earnings growth is therefore zero. If as is likely inflation…




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#Budget2017: Zero out of four

08 Mar 2017, by in Economics

Yesterday we set the Chancellor four tests for whether his Budget would deliver for working people. Today we have no good news to report. This wasn’t a budget for living standards, it didn’t give the British economy the investment it needs to see us through the uncertainty of Brexit, and public services remain under severe…




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Kerslake review of Treasury warns that austerity has failed

13 Feb 2017, by in Economics

Today Lord Kerslake (the head of the home civil service, 2012-2014) published his independent review of the Treasury, with launch events in London and Manchester. The report was commissioned by Shadow Chancellor John McDonnell; TUC General Secretary Frances O’Grady was on the panel amongst others (the report is available here). The commentary so far has…




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