From the TUC

Paul Sellers's Articles

More Right to Buy – what will go wrong

27 May 2015, by in Society & Welfare

Right to Buy likely to go wrong Worryingly the Queen’s Speech confirms that there will be a bill to extend the Right to Buy to tenants in Housing Associations.  The TUC opposes this measure on two grounds; that the funding model of housing associations would be seriously damaged by such a change; and that we do not believe sufficient…

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What’s happening to pay?

15 May 2015, by in Labour market

Bringing back to real pay growth is a necessary condition for achieving sustained and balanced economic growth that gives people at work both a fair reward and the spending power necessary to keep business growing.  CPI inflation is currently at zero, which at least gives some employees a temporary respite, although below-target inflation is the sign of a…

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Mortgage approvals down 16 per cent on last year.

22 Apr 2015, by in Uncategorized

The Council of Mortgage Lenders have released figures for February 2015.  Its bad news for would-be home-owners as the number of mortgages approved continues to decline (see CML chart below). The latest figure of 40,600 approvals is 1 per cent lower than January but a whopping 16 per cent lower than Februarys 2014. First-time buyers are being  locked out of the…

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Mortgage approvals down a fifth, say bankers

25 Mar 2015, by in Uncategorized

The British Bankers Association said today that there were “signs that the mortgage market is recovering”. This view is based on the fact that in February bank mortgage  approvals reached a five-month high. whilst any morsel of good news is always welcome,it is certainly not time to open the champagne yet. In fact, fair-minded observers would focus more…

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Housing: #Budget2015 spins “signs of normalisation”

18 Mar 2015, by in Society & Welfare

“There continue to be signs of normalisation in the housing market” says the government (Budget Report 2015, 915, para 124). With home ownership in retreat, rents rising and 1.3 million on the social housing waiting lists, the situation seems much more like an entrenched crisis than normalisation. The government has made some claims about housing getting back on track. Let’s…

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Too much unpaid overtime is bad medicine

27 Feb 2015, by in Labour market

Today marks the TUC’s 11th Work Your Proper Hours Day, which is a campaign against excessive unpaid overtime. This is the first day of the year when the average person who does unpaid overtime would start getting paid if they were to work all their free hours at the start of the year. You can…

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