From the TUC

Economics (page 2)

The profession that cried wolf: ‘Expert opinion’, the referendum and the IMF

20 Jun 2016, by in Economics

A dominant theme in the referendum campaign is the unwillingness of the public to listen to expert advice. The economics editor (Chris Giles) of the Financial Times despairs: “Economists have never been more united in supporting a vote to remain, yet the profession increasingly appears incapable of persuading the public of Britain’s national interest”. But…

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UK households’ cash savings are really struggling

04 May 2016, by in Economics

At the end of March the ONS released their latest Quarterly national accounts. The stats indicated that household savings are at a fifty year low. A new figure released today indicates that savings are lower than even the March figures implied. The national accounts ratio indicates the amount households and non-profit institutions serving households (NPISH) were…

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GDP figures: unsurprising underperformance

27 Apr 2016, by in Economics

GDP Headlines: With statistics released today showing that GDP increased by a paltry 0.4 per cent in the first quarter of 2016, evidence suggests that a strong and secure economy is still a long way off. This fall from the 0.6 per cent growth in the fourth quarter of 2015 was not unexpected. The average…

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