Unite has described the government’s spending cuts as “ideologically driven nonsense” after George Osborne’s plans were roundly criticised by a former head of the civil service. At a…Read more…
Get grip on manufacturing
Unite has made it clear ministers have still not ‘got to grips’ over formulating a coherent manufacturing strategy as figures showed a sharp dip in industrial output in July. The union said…Read more…
Osborne Voodoonomics
The Chinese stock market bubble has burst and China has had its own “Black Monday” (on 23 August). Its economic growth is slowing down and the after effects of the turmoil in its stock market and…Read more…
Carney-age at the Bank
As the Bank of England dumped a data reservoir of cold water over Osborne’s claims of a ‘motoring’ economy and economic miracle, the Governor is spinning in no man’s land between the two views….Read more…
Tell MEPs not to make a bad compromise on ISDS in TTIP
A last-minute European Parliament compromise deal poses a real risk MEPs settle for a damaging ISDS-lite plan.Read more…
Wages growth mirage
Wages are expected to grow at the fastest rate since before the crash, many newspapers reported earlier this week. It’s good news on the surface, but read further down their columns and the reason…Read more…
TTIP: We’re winning the debate
Last week, the European Parliament’s international trade committee adopted a report on controversial trade deal TTIP, which will now go to the whole Parliament next week.Read more…
How will your MEP vote on TTIP?
The European Parliament votes soon on a resolution on the controversial TTIP trade agreement.Read more…
Down below zero
Deflation, slow growth, pay in the doldrums, household debt on the rise, productivity stagnant. Can we survive more austerity? So prices in general have gone from not rising at all – zero…Read more…
Economic miracle or economic mire?
It now seems there have been more miracles attributed to the Tories than to Jesus Christ himself. So many economic miracles the Tory press don’t know who to raise to political sainthood. They…Read more…
John Park’s article on Rebalancing the Economy
Today Unions21 was at Scottish TUC Congress with a standing-room-only fringe event in Ayr entitled: ‘The rebalancing act: How should we tackle inequality?’ . The event was the Scottish launch of…Read more…
Still waiting
When chancellor George Osborne gave his speech to outline the government’s budget earlier this month, he hailed the UK’s supposedly growing economy, calling it the “Comeback Country”. He claimed living standards were rising and that the coalition government had created a labour market that “made work pay”. That Osborne’s speech was far from […]
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Half a job George
“Mr Speaker, I have failed”, Chancellor George Osborne will tell the Commons on budget day. “Because I have failed we need five more years of austerity and massive cuts across public services.” That’s what Osborne would say if he was telling the unvarnished truth. Instead of having seen off the austerity measures brought on […]
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Fair Pay Fortnight – Scotland and the UK needs a pay rise
Scotland and the UK needs a pay rise. It’s necessary for hard pressed workers and their families, but it’s equally vital for the economy.
The next two week’s will be Fair Pay Fortnight, a series of…Read more…
GDP figures hide an unbalanced economic recovery
Today’s GDP figures look good on an annual basis, but they hide a slowdown in the last two quarters that starts to look like a trend.
GDP, grew 0.5% in the fourth quarter of the year, compared with…Read more…
The 7 Deadly Myths that control the world economy…
Global Justice Now has done a great job in highlighting the 7 arguments that are presented as the deepest wisdom by Global Leaders on why the world economy is the way it is. Like a force of nature or…Read more…
Fresh start or same old story? Three resolutions for a wage-led recovery in 2015
George Osborne’s Autumn Statement [has] opened up a “huge choice in British politics,” according to the TUC’s Frances O’Grady, “between radical cuts and pay freezes versus investment for the…Read more…