The trade-off for Britain experiencing the sharpest real pay fall of any major advanced economy in the immediate wake of the financial crisis was a smaller than expected rise in unemployment that helped save up to 800,000 jobs, say the Resolution Foundation
The Trades Union Council Deputy General Secretary Paul Nowak has visited Beijing, joining trade union leaders from the world’s leading industrial nations to call for coordinated action to address the risks of global recession.
Unemployment rates and levels of joblessness are higher today than before the recession in every region and nation of the UK and across all working age groups, says the TUC.
Inner London is the only area of the country where the rate of job starts is higher than before the recession, according to a new TUC report published today.
New analysis published by the TUC shows falling household savings are underpinning the UK's economic recovery and preventing it from sliding back into recession.
People aged 18-24 are less likely to be in work than in 2008 and 395,000 jobs are needed to return youth unemployment rates to 2008 levels, says the TUC
The UK is experiencing a slower economic recovery than 23 of the 33 advanced economies monitored by theIMF, according to new analysis published by the TUC.