Chancellor's extreme cuts risk further damage to productivity and growth, says TUC

20 May 2015

Commenting on the speech the Chancellor of the Exchequer is making to the CBI this evening (Wednesday), TUC General Secretary Frances O’Grady said:

“Productivity has stagnated while George Osborne has been Chancellor – a failure rooted in the weak recovery that he has delivered. It will not be boosted by slashing public investment and removing workers rights.

“It’s no good putting your foot on the pedal if you keep cutting the fuel in the tank. The extreme cuts the Chancellor is planning will put growth at risk during a recovery that is already precarious.

“A firm foundation for higher productivity requires a much better economic plan. We need the government to invest in skills and infrastructure. Employees should be given a stronger voice at work, rather than removing their protections. And a fairer share of growth must go to wages so that workers have more money to spend.”

NOTES TO EDITORS:

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