News
G7: Why international unions are holding their own summit
The current system for global economic relations is designed to favour wealthy elites over working people.
Geoff Tily
Today marks the first quarterly unemployment rise in four years
In terms of headcount, 1.8 million people are unemployed, still higher than ahead of the crisis
Recent labour market gains do not make up for years of losses
There is still a long way to go before we return to the pre-crisis world
ONS Economic Review: the irrelevance of labour market ‘tightness’ to the inflation outlook
The higher the implied ‘tightness’ the lower the inflation reading
Labour market: working people are still paying the price for austerity
Many have argued that employment gains somehow compensate for earnings losses, but this is false
The Budget changes nothing: the road from austerity has led only to more austerity
Cuts in the next parliament still to be far more severe than the last