Chancellor should heed OECD calls for public investment, says TUC

date: 9 November 2015
embargo: For immediate release

The TUC has welcomed calls today (Monday) from the OECD for governments to invest in public infrastructure.

TUC General Secretary Frances O’Grady said:

“The Chancellor should heed the OCED’s advice. With interest rates at an historic low, now is the perfect time for the government to launch an ambitious plan to build homes and modernise our creaking transport and energy networks.

“Investing in infrastructure is a no brainer. It will pay for itself in the long-run by stimulating growth and creating the economic conditions that businesses need to thrive. 

“By contrast, limiting investment and imposing severe cuts on vital public services   will leave us less able to meet the economic challenges of the future and hold back our recovery at a time of global financial uncertainty.”

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