From the TUC

Tim Page's Articles

Frugal innovation and the role of trade unions

22 Oct 2014, by in Economics

I was at the RSA yesterday, enjoying a half-day conference on innovation run by the always-inspiring Science Policy Research Unit (SPRU) at Sussex University. When we think of innovation today, we are most likely to think of the latest mobile device or app. Indeed, it is SPRU’s Mariana Mazzucato whose book, ‘The Entrepreneurial State’, describes…

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The challenges facing Europe on pay

19 Sep 2014, by in Economics

Today’s Financial Times (£) dedicates a page to discussing the need to address wage rises among middle earners. This comes under the title ‘The big read: Equality’. It is the FT’s latest foray into the equality debate (there was an interesting piece by Gillian Tett last week). For the FT, champion of the free market,…

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Europe needs a pay rise!

18 Sep 2014, by in Economics

Europe needs a pay rise as productivity permits, according to Raymond Torres of the International Labour Organisation (ILO). Speaking at the conference ‘Labour Economics after the Crisis’ here in Brussels, Torres added that in response to persistent unemployment, the euro area should widen its reforms to cover product and financial markets, and taxes, rather than…

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How can we put Britain’s economy on a stable footing?

17 Sep 2014, by in Economics

Amidst the saturation coverage of the Scottish referendum, there’s a fascinating editorial in the Financial Times (£) today, entitled ‘Put Britain’s economy on a sustainable footing’. The crux of the FT’s argument is that the Government moved quickly to stave off a return to recession in 2012, but in going for a quick result at…

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Trade unions: shaping the process of change

08 Sep 2014, by in Politics

This afternoon, the Shadow Business Secretary, Chuka Umunna, addressed delegates to the TUC’s Congress in Liverpool. Headline writers will – quite rightly – focus on Chuka’s commitment, if elected, to “end blacklisting, once and for all”, in our construction industry. But in this post, I’d like to focus on another section of Chuka’s speech. Among…

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Finance for innovation: a priority for the UK

23 Jul 2014, by in Economics

“Economists know only one thing. If an economist says he knows more than one thing, he is exaggerating. And the one thing that economists know is this: today’s investment is tomorrow’s growth” So said Andy Haldane, Chief Economist of the Bank of England, at the House of Commons last night. Haldane was speaking at the…

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Democracy in the Workplace: an idea whose time has come

17 Jul 2014, by in Working Life

Today, the TUC launches ‘Democracy in the Workplace: Strengthening Information and Consultation’. This report is part of a wider theme, developed by the TUC in recent years, designed to give workers a say in how their companies are run. Such a say, in theory, already exists. In 2005, the Information and Consultation of Employees (ICE)…

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After the crisis, can we find a different model of capitalism?

08 Jul 2014, by in Politics

Janan Ganesh, Financial Times commentator and biographer of George Osborne, writes a curious article today (‘Sharp cuts and dull protests augur ill for Labour’, Financial Times [£]). I won’t get into a discussion about dilemmas for Labour, as they are not my dilemmas. His argument about wide support for austerity as currently implemented does, however,…

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Andrew Adonis on the ‘Fractured Economy’.

01 Jul 2014, by in Economics

The ever-thoughtful Andrew Adonis has put much flesh on the bones of a future Labour growth strategy in his report, ‘Mending the Fractured Economy’, published this morning. This report follows a plan for growth published two years ago by one of the great thinkers on the Conservative side, Michael Heseltine. I take a close interest…

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