Commenting on the latest preliminary estimate of GDP growth published today (Tuesday) by the Office for National Statistics, which shows that the economy grew by 0.7 percentage points in the last quarter of 2013, TUC General Secretary Frances O’Grady said:
“Any return to growth is welcome, but this is the wrong kind of recovery and is two years late.
“The recovery is yet to reach whole swathes of the country or feed into people’s pay packets. This must change if the benefits of recovery are to be felt by both businesses and workers.
“Unless the short-term boost provided by house prices and consumer debt is transformed into investment, rebalancing and higher living standards, the danger is that it will prove unsustainable.”
NOTES TO EDITORS:
- The TUC’s campaign plan can be downloaded from www.tuc.org.uk/campaignplan
- All TUC press releases can be found at www.tuc.org.uk
- Follow the TUC on Twitter: @tucnews
Contacts:
Media enquiries:
Liz Chinchen T: 020 7467 1248 M: 07778 158175 E: media@tuc.org.uk
Rob Holdsworth T: 020 7467 1372 M: 07717 531150 E: rholdsworth@tuc.org.uk
Elly Gibson T: 020 7467 1337 M: 07900 910624 E: egibson@tuc.org.uk
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