Fragile growth is increasingly dependent on services, says TUC
“It's a big concern how fragile the recovery still looks, and how unbalanced it is with growth almost entirely dependent on services.
28 January 2016
Commenting on the latest GDP figures published today (Thursday) by the Office for National Statistics, which show overall growth of 0.5% but no growth in manufacturing and construction now in recession, TUC General Secretary Frances O’Grady said:
“It's a big concern how fragile the recovery still looks, and how unbalanced it is with growth almost entirely dependent on services.
“We need a stronger recovery that's built to last and that reaches all sectors of the economy. The weakness of manufacturing and construction is no surprise given the government’s lack of a proper industrial policy to boost the economy and protect crucial industries like steel.”
NOTES TO EDITORS:
- All TUC press releases can be found at www.tuc.org.uk
- Follow the TUC on Twitter: @The_TUC and follow the TUC press team @tucnews
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