Worries about excessive bank lending to households are (understandably) never far from the headlines, but there is too little concern about the very low levels of lending to firms. The point of departure is a speech by Alex Brazier of the Bank of England, who examined in some detail the household story. According to his…
Raising the state pension age for women is hitting the poorest hardest – and is having an impact on some men too. Two pieces of research published this week show the dangers of restricting access to the state pension to attempt to force people to work longer. The first was from the Institute for Fiscal Studies. It…
Protecting workers’ rights in trade deals is essential to ensure trade is fair. If trade deals don’t contain effective protections for workers’ rights, they just make it easier for companies to locate themselves in countries where wages are lower and workers are less able to resist exploitation. Unfortunately trade deals the UK is currently involved…
With the economy showing increased signs of weakness, it is welcome that that the Monetary Policy Committee (MPC) voted today to keep interest rates on hold. More surprising perhaps has been the recent positioning of MPC members that has fostered speculation that a rate rise was more likely. At one level this is understandable. With…
The Immigration Act 2016 brought about significant changes to the remit and powers of the Gangmasters Labour Abuse Authority. It also created the position of director of labour market enforcement. Sir David Metcalf has been appointed to this post. It is the director who is responsible for developing an overarching strategy for the three key…
Workers have suffered from a lost decade of wage growth. While the jobs recovery has been strong, the wage recovery has been agonisingly slow. Wages in 2016 were still 4% lower in real terms than they were a decade before, and they are falling again. Britain’s dreadful performance on productivity is the key to understanding…
The Home Secretary’s announcement yesterday on post-Brexit immigration plans was barely out the door before the government’s all-encompassing confusion over Brexit enveloped it. Amber Rudd’s junior minister, Brandon Lewis, contradicted her spin if not her substance, almost immediately. Meanwhile, the government continues to fail to take initiatives it could already take which would go a long way…
In our evidence to the Taylor Review, the TUC and trade unions argued that strengthening workers’ rights to voice in the workplace is key to addressing insecurity and exploitation at work. So was the Taylor Review listening? “The Review believes that for work to be fair and decent, workers must have a voice.” A good…
The Supreme Court has unanimously ruled that the government’s sky-high tribunal fees are unlawful, accepting UNISON’s argument that the fees are restricting working people’s access to justice. What’s more, the government will have to refund any fees paid since 2013 — at a cost of about £27m. It’s a massive win for working people, and we congratulate UNISON for doggedly pursuing…
Following UNISON’s legal challenge, the Supreme Court has, today, ruled that employment tribunal fees are unlawful because they price workers out of accessing justice and discriminate against women. This means that from today, employment tribunal fees will no longer apply and that all previous fees that have been paid will have to be repaid. The…
