From the TUC

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

Geoff Tily

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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Don’t you (forget about DB)

Tim Sharp

27 Jul 2015, by in Pensions & Investment

It is easy to overlook defined benefit (DB) pension schemes when so much of the talk in the pensions world is of cruises, conservatories and high-powered sports cars. But their central role in the retirement savings of millions of people and as a crucial underpinning for the ongoing automatic enrolment reforms means that protecting and…

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

Geoff Tily

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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What’s wrong with ISDS? Romania’s environment & history under attack

Owen Tudor

24 Jul 2015, by in International

The latest example of what’s wrong with Investor-State Dispute Settlement (ISDS) – the privileged route to riches for foreign investors who can persuade a separate international court that they have been disadvantaged by a democratically-elected government – is a case being lodged by Canadian mining enterprise Gabriel Resources, which has filed a billion-dollar case against…

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ISDS: we won’t be fooled by a rebranding

Judith Kirton-Darling

23 Jul 2015, by in International

Yesterday, Brussels was full of rumours that the European Commission had finally found a way to respond to the massive backlash generated by its proposal for a special court for US investors: a simple rebranding should do the trick. Currently known as Investor-State Dispute Settlement, or ISDS, this mechanism establishes special rights for foreign investors…

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Chancellor takes the high carbon road

Philip Pearson

23 Jul 2015, by in Uncategorized

Is the government about to take a series of high carbon decisions that will replace renewables with fossil fuels? Decisions are imminent on Cuadrilla’s fracking appeal, launched today, and Heathrow’s third runway. Meanwhile, the Chancellor is unceremoniously dumping green policies, while assuring Helen Goodman MP on the Treasury Select Committee that he would honour the…

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