From the TUC

Economics (page 2)

TUC Economic Quarterly Report 7

31 Jul 2015, by in Economic Reports, Economics

This quarterly TUC report provides an analysis of UK economic developments over recent months; focuses on the current labour market compared to pre-recession levels; and includes a spotlight feature on productivity since 2008.  Summary Economic activity appears to have weakened a little from the end of 2014 and into 2015. Historic imbalances have not been…

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Andy Haldane: Shareholder primacy is bad for economic growth

28 Jul 2015, by in Economics

Andy Haldane, the Bank of England’s Chief Economist, has said that the UK’s shareholder model of corporate governance is holding back business investment and hurting economic growth. In a fascinating interview on Newsnight with Duncan Weldon (formerly TUC Senior Economist), he said that firms now return too much of their profits to their shareholders, and…

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Young people’s debts have doubled in five years and are now highest of all age groups

27 Jul 2015, by in Economics

In many ways today’s ONS figures on household indebtedness are unremarkable, given we are increasingly accustomed to figures showing high levels of household debt. By and large the debt burden is continuing to increase. One in five households report financial (i.e. non-mortgage) debts are a ‘heavy’ burden. (The figures are drawn from the ONS release on…

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How the Government turns a severe and ongoing reduction in public investment spending into a ‘priority’ spend

26 Jul 2015, by in Economics

In its newly issued document outlining the approach for the spending review 2015, the government makes some bold statements about public investment. In June the OECD criticised countries for focusing spending cuts on public investment, and in its previous fuller survey had observed that UK gross government investment is “low” (p. 30; Figure 26 chart…

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Want to reduce inequality? New IMF research says unionisation is key

22 Jul 2015, by in Economics

Through gritted teeth, the International Monetary Fund (IMF) has this week issued a ‘staff discussion note’ which contains a bit of a bombshell. The ballooning inequality that results from rampaging top people’s pay is not, as previously thought, an unfortunate by-product of technological process or increasing world trade. At least forty percent of the increase…

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Half the CPI shopping basket is now showing price falls

14 Jul 2015, by in Economics

June 2015 CPI inflation was back at zero, from 0.1% in May. Likewise core inflation (excluding energy, food, alcohol & tobacco ) was back at 0.8% from 0.9% in May. Falling prices are now seen throughout the index. ONS publish CPI figures broken down into some 85 non-overlapping categories (e.g. meat, tobacco, household textiles, education…

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