From the TUC

Economics (page 3)

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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How fast is technological change happening?

25 Jan 2017, by in Economics

This is the first in a series of blogs considering the extent of robotisation and its impact. In a lecture at the TUC in November 2015, Andy Haldane, Chief Economist to the Bank of England said that “we may be on the cusp of the fourth industrial revolution”. Clearly, the use of technology is not…

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Jobs & living standards no longer top priority for government

22 Jan 2017, by in Economics

Although her speech on industrial strategy on Monday could redress the balance a bit, the Prime Minister’s speech on Brexit last week confirmed that her government is putting jobs and living standards lower down their agenda than exiting the European Union and reducing migration. Is the era of Bill Clinton’s famous advice to his election…

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