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Why the Tories are wrong to compare benefit increases with average earnings
TweetCameron is blaming those on benefits for his government’s failure to grow the economy and control inflation It is not necessary to be an expert statistician to know that a few choice facts taken...
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Strength in labour market figures, but a disinflationary outlook from the Bank
TweetThe monthly figures show positive real earnings for the first time since 2009 For the fifth quarter in a row, employment rose and unemployment fell. The employment rate at 73 per cent remains at...
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Coalition is doing nothing to help hungry families
TweetDamning new report finds that food banks are carrying out their work completely without government help In a report published today, the All-Party Parliamentary Inquiry into Hunger in the UK has...
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Reversing privatisation would save households £250 a year
TweetPolls also show the majority of the public would support bringing services under public ownership Households would save around £250 a year if energy, water and rail were in public ownership. New...
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More positives, but this remains far from a normal labour market
TweetPositive labour market figures are to be understood in the context of the post-crisis period as a whole and must not detract from the long-standing pressures on working people For the sixth...
View ArticleBig Society has failed those it promised to help
David Cameron’s flagship policy – at the outset of his premiership at least – was the Big Society. That is officially in tatters today following last week’s report by the Civil Exchange think-tank....
View ArticleCameron announces plans to cut real-term spending on schools
Ahead of David Cameron’s speech on education today, the Conservatives briefed that they would announce a protected budget for schools. As The Times reported today: “The speech comes as a cabinet...
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Negative inflation has come too late to help the poor
Inflation as measured by the Consumer Price Index (CPI) has turned negative in the UK for the first time since 1960, standing at -0.1 per cent for the last quarter. Bank of England governor Mark...
View ArticleOECD inflation slows
Annual inflation in the OECD area slowed to 0.4 per cent in April, according to the latest CPI figures. The slowdown, from 0.6 per cent in March, was mainly driven by energy prices, which fell by...
View ArticleComment: USA and Venezuelan Right aiming for ‘regime change’
Last week, Venezuela’s right wing opposition launched a new campaign to remove President Nicolas Maduro from power, including by calling for his immediate resignation. The last campaign to oust the...
View ArticleBank of England doesn’t cut interest rates, defying expectations
The Bank of England will hold interest rates at 0.5 per cent, it has been announced, surprising economics and traders who expected that rates would be cut to support the economy post-Brexit. At its...
View ArticleBrexit: Less migration won’t boost your incomes, says new research
Cuts to immigration promised by the government would not boost people’s incomes, according to new research which suggests Brexit’s damage to the economy would leave UK workers with less money....
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Brexit: Tory benefit cuts £100 worse for 11.5 million families thanks to...
Since the British people ‘took back control’ and stuck it to the elites on June 23, the pound has fallen to a 31 year low. While the Brexit press has tried to spin this as a good thing, the facts...
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Project Fear? Poor families will be hit hardest by rising food prices
The fall in sterling is driving up cost of living across all demographics and income groups, the IFS has observed, with households expected to face an average increase of about 2.7 per cent. The...
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‘Living standards crisis’ looms as rising food prices hold inflation at 2.3...
Economists and trade unions have warned that consumers are facing a significant squeeze on their incomes, as the ONS published figures showing that inflation continued to surpass the Bank of England’s...
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UK growth slows to 0.3 per cent as Brexit pressures hit consumption
Economic growth has fallen more sharply than predicted as Brexit-linked inflation begins to eat into consumers’ incomes. In the first quarter of 2017, GDP growth has slowed to just 0.3 per cent, down...
View ArticleLiving standards squeeze continues as inflation rises to four-year high
UK inflation rose to 2.9 per cent in May, worsening the cost-of-living squeeze. Earnings figures due to be published tomorrow show basic pay rising by 2.0 per cent — meaning that wage growth is...
View ArticleThe latest inflation figures will be out tomorrow, here’s why there’s no need...
Tomorrow, the latest inflation figures will be published. The reaction, if recent months are a guide, will be panic and alarm at the continuing high level of consumer prices, the impact on household...
View ArticleNew inflation figures show ‘cost of living squeeze’ set to continue, say unions
UK inflation has fallen for the first time in nine months, but the cost of living in Britain is still rising faster than wages, according to official figures released this morning. Unions have...
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Rail fares to rise at fastest rate in 5 years exacerbating cost of living crisis
Rail fares will increase by 3.6 per cent next year, the government announced today, adding yet more pressure to households suffering stagnating wages and incomes squeezed by inflation. Millions of...
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