From the TUC

Kam Gill's Articles

UK households’ cash savings are really struggling

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…

Read in full

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

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…

Read in full

A quick note on Leave.EU’s creative accounting

19 Apr 2016, by in Politics

The Chancellor’s statement  yesterday, on the costs of Brexit has provoked some creative accounting from the Brexit campaign. Their response is built on two highly questionable statistics combined with a statement of such devil-may-care chutzpah that it seems almost heroic. Let’s take their most eye-catching statement: that the annual £4,300 per household price tag which…

Read in full

ONS data confirms rents in London are a high-rise nightmare

06 Apr 2016, by in Economics

The latest monthly ONS economic review includes a focus on housing tenure. There are a number of takeaways from this latest release but the prospects for those in rented accommodation appear gloomy, and Londoners, especially younger Londoners are bearing the brunt. The level of price increase in London outstrips anything seen in the rest of…

Read in full

Debt remains a bigger burden for the lowest paid

04 Apr 2016, by in Economics

On Monday, the ONS released the latest instalment of their data on household debt inequalities between July 2012 and June 2014. The data indicates that the absolute and relative burden still falls disproportionately heavily on the lowest paid.  For instance: “Twice as many individuals living in households in the lowest total wealth quintile were in…

Read in full

#Budget2016 is much better for the better off

16 Mar 2016, by in Economics

Earlier today I discussed the costs and benefits of the Chancellor’s plans to increase the personal tax allowance (PTA) to £12,500 and the higher rate threshold (HRT) to £50,000 by 2020 (Spoiler alert: the costs are high and the benefits are scant). Today the Chancellor took a sizable step towards those not-so-laudable goals. As of…

Read in full