From the TUC

Economics (page 2)

Budget blogs: The fiscal cost of insecure work

14 Feb 2017, by in Economics

Yesterday’s Budget  blog focused on challenges facing the Chancellor as he prepares for the last Spring Budget. New TUC research  out today shows why tackling the rise of insecure work should be high on the Chancellor’s agenda, revealing the £4bn a year cost of the rise in low-paid self employment and zero hours contracts. The…




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Kerslake review of Treasury warns that austerity has failed

13 Feb 2017, by in Economics

Today Lord Kerslake (the head of the home civil service, 2012-2014) published his independent review of the Treasury, with launch events in London and Manchester. The report was commissioned by Shadow Chancellor John McDonnell; TUC General Secretary Frances O’Grady was on the panel amongst others (the report is available here). The commentary so far has…




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Budget blogs: Springing into action…

13 Feb 2017, by in Economics

The new(ish) Chancellor’s first Budget, due on 7th March, would normally be seen as a key political moments in the year. It’s an opportunity for Government to dominate the headlines and give a cash based indication of their priorities. But with Brexit hoovering up political attention, not to mention what’s happening across the Atlantic, there’s…




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Designing a responsible corporate tax policy for Brexit Britain

02 Feb 2017, by in Economics

Last month, the Prime Minister announced the government’s new industrial strategy through a green paper, inviting responses via a consultation. In a 132-page document, tax was mentioned just 14 times. Yet it is undoubtedly the case that taxation is a core component of a government’s economy policy. And given we now know the UK will leave the single market, this…




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How can we respond to Trumponomics?

01 Feb 2017, by in Economics

How to respond to the populism and protectionism of Donald Trump will be one of the biggest challenges facing mainstream economists and politicians in 2017. A good starting point for that debate might be Martin Wolf’s wide ranging article in today’s Financial Times, ‘Donald Trump’s tough talk will not bring US jobs back’(£). Wolf’s argument…




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What are robots for?

27 Jan 2017, by in Economics

It would seem digitisation is occurring, at a greater or lesser pace in different countries. There are ever-more sophisticated computers, robots and advances in AI. Whether we are on the tipping point of a fourth industrial revolution, is a pertinent question. Digitisation could have both positive and negative consequences for workers and society. We should…




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Lost: £200bn of GDP

26 Jan 2017, by in Economics

Today 2016 Q4 GDP figures showed growth of 0.6 %, and the economy continuing to survive the Brexit vote. But we should not lose the wood for the trees. The economy is still bearing serious scars of the financial crisis and the austerity which followed. Today’s figures also give us an annual figure for GDP…




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What impact are robots having on jobs?

26 Jan 2017, by in Economics

The debate about technological change, and whether it could lead to widespread unemployment has been revived in recent years in several studies. The seminal 2013 paper by Frey and Osborne sparked much debate about the impact of digitisation. They claimed that 47% of US jobs are susceptible to being computerised. A 2016 paper by the…




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