From the TUC

Government’s moment of truth: will it support UK steel industry?

Philip Pearson

28 Sep 2015, by in Environment

Today’s disastrous announcement of the closure of SSI’s steel plant, Redcar, with the loss of 1,700 skilled jobs, will cause great hardship to the workers and their families, striking a blow to the heart of UK manufacturing. TUC General Secretary Frances O’Grady said: “The Chancellor must provide more financial support for manufacturers in November’s spending…

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Varoufakis on Osborne’s austerity

Geoff Tily

25 Sep 2015, by in Economics

In comparison to Greece, cuts in the UK must undoubtedly look like a picnic. But Yanis Varoufakis overplayed the lack of austerity here (on BBC Question Time last night). Both at an individual level and in terms of the macroeconomy, UK cuts have been harsh and harmful, with increasingly obvious real damage on services (here).…

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The North/South divide in healthy old age

Tim Sharp

23 Sep 2015, by in Pensions & Investment

In 1979 pop singer Debbie Harry suggested her preferred life pattern was “Die Young, Stay Pretty”. Ms Harry, as part of the band Blondie, has blithely ignored her own advice and is pumping out records and touring more than three decades later. However, her focus on healthy life expectancy, rather than merely longevity is useful…

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Commission’s proposals for reforms to ISDS: new name, same danger

Rosa Crawford

22 Sep 2015, by in International

Last week EU Trade Commissioner Malmström announced proposals for a reformed version of the notorious Investor-State Dispute Settlement (ISDS) provisions in TTIP. The new system of investment protection she described is called the ‘Investment Court System’, or ICS.  Sounds similar to ISDS, doesn’t it? That’s because it is. Under the new ICS proposals, there is still…

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“National Living Wage” – business can cope

Paul Sellers

21 Sep 2015, by in Labour market

The TUC had mixed feelings about the new higher National Minimum Wage (NMW) rate for workers aged 25 and above announced in the July Budget.  This will effectively create a new NMW band for older adults – £7.20 from April 2016, rising to more than £9.00 by 2020. We were of course pleased that many workers would get a…

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