From the TUC

In the Budget Philip Hammond said rising real wages were ‘most important’ – what happened?

Geoff Tily

12 Apr 2017, by in Economics

8 March 2017, Philip Hammond’s Budget Speech: And most importantly, Mr Deputy Speaker, despite higher-than-target inflation, real wages continue to rise in every year of the forecast. [my emphasis] 12 April 2017, only five weeks later, statistics from ONS Labour Market statistics release show: on the single month measure, real wages in decline by -0.4%,…




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A note on the economic impact of Roosevelt’s New Deal

Geoff Tily

06 Apr 2017, by in Economics

This post is brief background to a longer piece that views Roosevelt’s economics through his impact on Washington D.C. The economic statistics show his initiatives brought the US great depression to a decisive end; they also stabilised the deterioration in the public sector finances. Yet the efforts can be dismissed as trivial. A former Chair…




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BEIS Committee of MPs says workers on boards should become “the norm”

Janet Williamson

05 Apr 2017, by in Economics

The BEIS Parliamentary Committee reports today on its corporate governance inquiry launched last autumn. There is much to welcome in its recommendations, which span workers on boards and remuneration committees, board diversity, executive pay, private companies, directors’ duties and enforcement. Here we set out the Committee’s main recommendations, and where we think they should go…




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