From the TUC

Geoff Tily's Articles

Deflation watch

14 Oct 2014, by in Economics

The Chancellor today described the CPI inflation figure of 1.2% as a ‘double dose of good news’, apparently easing cost-of-living pressures and also meaning gains for pensioners through the ‘triple lock’. Sticking to the politics, he avoided the economics of inflation repeatedly surprising on the downside and yet remaining above earnings growth.




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A real earnings decline with no precedent

13 Oct 2014, by in Economics

In 2014, UK workers confront the seventh consecutive year of falling real earnings, a situation that has no historical precedent since Victorian times, when records become available. The total decline in real earnings from 2007 to 2014 is estimated at 8 per cent, on the basis of calendar year figures. In terms of scale or…




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Now they tell us. The IMF and infrastructure investment

07 Oct 2014, by in Economics

 The IMF have issued a new assessment of the effects and desirability of infrastructure investment. For some, their conclusions will hardly be surprising, but running contrary to the orthodoxy of the previous five years as well as the framing of the coming UK election – where nothing is more important than austerity – it is worth…




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One in three jobs goes to London

25 Sep 2014, by in Labour market

Of a 434,900 increase in employee jobs in the UK between 2013 and 2012, 135,300 were in London and 299,300 in the rest of the UK. In growth terms, London employment was up 3.0 per cent and the rest of the UK by 1.3 per cent. The North East, part of the Government’s ‘One North’ initiative,…




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‘Half a parrot’: Commissioner László Andor challenges European Central Bank economics and policy

19 Sep 2014, by in Economics

László Andor, the outgoing EU Commissioner for Employment, Social Affairs and Inclusion, has just finished hosting a two-day conference: ‘Labour economics after the crisis: what theoretical lessons to draw from policy experience?’. This experience led ultimately to a call for increased public investment expenditures in the Euro Area. In his response to his own question,…




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