Blog

Productivity puzzle? Financialization, inequality, investment

16 November 2016

By Özlem Onaran, Professor of Economics and Director of Greenwich Political Economy Research Centre, University of Greenwich

Productivity in Britain is lower than other developed countries, and the Great Recession has made this dismal performance even worse. This is not at all a puzzle given the investment and growth pattern in Britain. Among developed countries, Britain also has one of the lowest private investment rates as a ratio to GDP. At the core of this development lies the missing link between profits and investment. Rising inequality and financialization have been the main reasons behind this missing link and hence the major brakes on investment, growth, and productivity.

IER Employment Law Update: London

10 November 2016

By Roger Jeary

On a cold wet day in London, the Institute welcomed a full house for the 2016 Employment Law Update in the Unite HQ. The chair for the day, Nerys Owen, Labour Research Department, introduced the programme with an overview of the day's speakers and expressed delight that the conference would begin with a presentation from Employment Tribunal (ET) President Judge Brian Doyle, who would outline the latest developments in ET practice and procedure.

Tim Roache: Politics is in a state of flux, we must be ready with an alternative

09 November 2016

By Tim Roache, General Secretary of GMB

General Secretary of the GMB Tim Roache spoke at the Class think tank Britain at a Crossroads conference on Saturday (05 November 2016). His full speech, below (and originally published by the Morning Star), identifies the need for an alternative to austerity following the British people's rejection of current economic policy via the Brexit vote.

Tim Roache is one of the many supporters of our proposals for a progressive alternative, the Manifesto for Labour Law, which he described as an "excellent contribution" to a much-needed discussion on workers' rights.

Len McCluskey: the free movement of labour is a class question

08 November 2016

By Len McCluskey, General Secretary of UNITE

At the 2016 conference of think tank Class - Britain at a Crossroads - General Secretary of UNITE Len McCluskey gave a speech advocating that the labour movement takes seriously the concerns of working class people about immigration. He recommended proposals to safeguard jobs and communities rather than bans on free movement of labour.

At the heart of his recommendations was the need for sectoral collective bargaining, in keeping with the proposals drawn up in the Institute of Employment Rights' Manifesto for Labour Law, for which Len McCluskey has already announced his strong support.

His full speech to the Class Conference is below

Health and Safety Update 2016: London

02 November 2016

By Andrew Moretta, World of Work PhD student, The University of Liverpool

Andrew Moretta, a delegate at the Institute of Employment Rights' Health and Safety Update 2016 conference in London on October 18 2016 reports on what he took away from the event.

How much 'Better' can 'Better Regulation' get?

Steve Tombs

14 October 2016

Steve Tombs, Professor of Criminology, The Open University

This week, the Parliamentary Public Accounts Committee published an evaluation of the Better Regulation initiative. The Government, it stated, “has set a target to reduce the cost to business of regulation by £10 billion between 2015 and 2020. So far it has achieved less than £1 billion”. In other words, ‘Better Regulation’ must do better.

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