From the TUC

Paul Sellers's Articles

Mansion tax would affect just four families in every thousand

25 Nov 2014, by in Politics

A study compiled for the Evening Standard newspaper suggests that Labour’s proposed mansion tax would only be paid by 110,000 households, of which 86,00o would be in London. This needs careful examination, as there is obviously a concerted campaign going on against this proposal. First, DCLG statistics suggest that there are 27.7 million homes in the UK. The…

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Mark Carney’s speech – thoughtful, respectful and recognising the importance of pay growth returning

09 Sep 2014, by in Economics

Mark Carney’s speech was pretty warmly received at the TUC Congress today.  We are well aware the Governor of the Bank of England will always speak in measured tones, but our general impression was that Mr Carney was making a serious and thoughtful speech to an audience that he was taking very seriously. We were particularly glad…

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Wales clear to have new agricultural wages board

09 Jul 2014, by in Labour market

The supreme court has cleared the way for the Welsh government to establish a new agricultural wages board, in a judgement published today*. Last year the government abolished the agricultural wages board for England and Wales, which set a range of statutory rates above the national minimum wage for the various trades in agriculture.  This…

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Living Wage – UK vs US approach

08 Jul 2014, by in Labour market

You my be surprised to find that there is agreement between the following people – David Cameron, Winston Churchill, Boris Johnson, Ed Miliband, Pope Leo XIII, Franklin Delano Roosevelt and Adam Smith – yet all of them have spoken of the need for a living wage.  We need to see the UK living wage help many more…

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US economy would benefit from higher minimum wage, says IMF

17 Jun 2014, by in Economics

The International Monetary Fund’s statement that the US would benefit from a higher minimum wage (Country Report, section 3) demonstrates two important things. First, even the most conventional economists can now see merits in minimum wages. In the US case, the orthodox argument is simply that the wage-setting process is an unequal one, because employers…

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