date: 16 October 2012
embargo: For immediate release
Commenting on the Office for Budget Responsibility's (OBR) forecast evaluation report, published today (Tuesday), TUC General Secretary Brendan Barber said:
'At the time the government set out its austerity plans, the OBR thought that the economy would grow by 5.7 per cent from 2010 to mid 2012. Instead it has grown by only 0.9 per cent.
'The economy has massively disappointed and yet the government is sticking to a fiscal plan based on decent growth forecasts.
'The Chancellor should think again and start taking action to get the economy moving.'
NOTES TO EDITORS:
- The OBR evaluation report is available at http://budgetresponsibility.independent.gov.uk/forecast-evaluation-report-october-2012/
- All TUC press releases can be found at www.tuc.org.uk
- Follow the TUC on Twitter: @tucnews
- On Saturday 20 October thousands of people from across the UK will be heading to London for A Future That Works - a march which starts on the Embankment and ends with a rally in Hyde Park. The day is being organised by the TUC in protest against the government's austerity measures and calls for a new approach which puts growth and an economy that works for ordinary families at the heart of government policy www.afuturethatworks.org
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Press release (300 words) issued 16 Oct 2012
This page http://www.tuc.org.uk/economy/tuc-21539-f0.cfm
printed 24 May 2013 at 10:03 hrs by 18.104.22.168