10 years since the start of the crisis: back to recovery thanks to decisive EU action

The global financial crisis began 10 years ago and led to the European Union’s worst recession in its six-decade history. The crisis did not start in Europe but EU institutions and Member States needed to act resolutely to counter its impact and address the shortcomings of the initial set-up of the Economic and Monetary Union. … Read more

International Trade Secretary delivers trade speech: ‘Beyond Brexit: Britain and the Global Economy’

Dr Liam Fox will deliver the speech at Geneva’s Graduate Institute. Today (Thursday 20 July) the International Trade Secretary, Dr Liam Fox, flies to Geneva to deliver a key note speech at the Graduate Institute, to set out the opportunities for the global economy from trade after the UK leaves the EU. In a speech entitled … Read more

Groceries Code review notes significant cultural change in supermarket industry

The first statutory review of the Groceries Code Adjudicator (GCA) was published today. Small Business Minister Margot James has welcomed a positive relationship change between supermarkets and their suppliers, as she publishes the first statutory review of the Groceries Code Adjudicator (GCA) today (19 July 2017). The review, which considered independent findings from YouGov alongside responses from trade … Read more

PM must prove Britain’s influence at G20 by winning agreements to improve workers’ lives, says TUC

The TUC is joining with trade unions from across the G20 today (Friday) to call for leaders at the G20 summit in Hamburg to agree action to create good quality jobs and increase wages. The Labour 20 (L20) Statement, from workers and trade unions in G20 nations, sets out policies to make the global economy … Read more

BCC: Anaemic economic growth reinforces case for action on business environment

Today the BCC releases its Economic Forecast for Q2 2017. The British Chambers of Commerce (BCC) has today slightly upgraded its UK growth forecast for 2017 from 1.4% to 1.5%. Its expectations for growth in 2018 and 2019 remain unchanged at 1.3% and 1.5% respectively. Despite the slight upgrade to our outlook for 2017, growth … Read more

UK workers to face biggest wage fall of any advanced economy in 2018, finds OECD

UK workers will face the biggest real wage fall of any advanced economy in 2018, according to OECD figures released today (Wednesday). The figures show that UK real wages will fall by 1.1% in 2018 – putting the UK and Finland at joint-bottom of the league for wage growth among OECD countries. All other OECD … Read more