Today's GDP estimates from the ONS are again disappointing, and fall far short of what would be expected from a healthy economy.
27 April 2018
Reacting to today’s ONS stats on GDP, Alfie Stirling, Head of Economics at the New Economics Foundation, said:
“Today’s GDP estimates from the Office for National Statistics are again disappointing, and fall far short of what would be expected from a healthy economy.
“But worse still is that GDP growth of any kind is no longer leading to higher real wages. Since 2010, GDP growth has become ‘decoupled’ from growth in pay with the latest estimates showing that total pay in February was the lowest monthly level seen for 2 years.
If you value great public services, protecting the planet and reducing inequality, please support NEF today.
Loophole in energy profits levy will hand oil and gas companies up to £18bn over next three years
28 November 2023
Brits support the principle that polluters must pay, but we need to to see the benefits of carbon taxes too
23 October 2023
Strengthening the independence of the OBR does nothing to address its detrimental short-termism
27 September 2023
The banking sector is set to receive over £200bn from the Bank of England. Tiering reserves could save the public finances billions.
22 September 2023