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Three graphs that show just how strange – and worrying – the UK labour market...
Labour market statistics for the first quarter of 2017 were released by the ONS this morning, revealing a strange and troubling picture of employment in the UK. As Duncan Weldon of the Resolution...
View ArticleTo avoid climate catastrophe, it’s time for Labour to scrap the idea of growth
Earlier this month, John McDonnell gave a remarkable speech on the economy after Brexit. In the speech the shadow chancellor challenged the idea of economic growth, directly linking it to the...
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While the government blame snow, there’s another reason for the UK’s dismal...
Figures released today show that Britain’s economy is still weak – as is the government’s excuse for it. The UK economy saw just 0.1% growth in the first quarter of 2018, according to Office for...
View ArticleComment: Labour is now the party of pragmatists
Is Jeremy Corbyn, in the words of the Daily Mail, ‘the most radical Labour leader in the party’s history’? On Sunday, John McDonnell made it clear that the answer is anything but. Speaking on the...
View ArticleEU membership critical to Northern Irish farming
Staying in the European Union is critical to the future success of Northern Ireland’s farming industry. That’s the argument that was made last night by the EU’s Agriculture Commissioner and former...
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The economy is stalling – but to fix it we need to look beyond Brexit
What is today’s most pressing economic issue? The average reader of newspapers and the blogs would probably think that it is Britain’s decision to leave the EU. News reports continue to cite...
View ArticleNo, Daily Mail, the IFS didn’t blame Brexit for the worst living standards...
Anyone who’s ever attended an IFS briefing knows that its economists have no god but data. At their budget analysis events, the econo-droids endlessly refer back to their charts (or ‘beloved...
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Brexit cannot become an all-purpose alibi for Tory incompetence
Remember the Marmite crisis? A few weeks ago leaving the EU had led to Britain’s favourite (or least favourite) spread being lost to consumers. So keen were we for evidence of the negative impact of...
View ArticleReporting on pay inequality isn’t enough – it’s time for a compulsory ratio
While Jeremy Corbyn was receiving some rather harsh criticism for suggesting a pay ratio of 20:1 — the maximum permitted pay difference between the highest paid and the average worker at the same...
View ArticlePrem Sikka: Excessive dividends are strangling the UK economy
The average wage in the UK has been stagnant. The government statistics show that in November 2019, the weekly real pay was £503 compared to £525 in February 2008. The lack of spending power is...
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