Growth is too weak and remains unbalanced, says TUC
“We need better balanced growth that delivers secure opportunities for working families. But while the economy is still expanding, the recovery is too weak, and Britain’s manufacturing industry remains in decline.
27 October 2015
Commenting on the latest GDP figures published today (Tuesday) by the Office for National Statistics, which show the rate of GDP growth slowing to 0.5 per cent, and manufacturing declining by 0.3 per cent, TUC General Secretary Frances O’Grady said:
“We need better balanced growth that delivers secure opportunities for working families. But while the economy is still expanding, the recovery is too weak, and Britain’s manufacturing industry remains in decline. What’s more, the government’s failure to protect our steel industry looks set to mean the loss of even more manufacturing jobs.
“We need a proper industrial strategy to ensure our manufacturing industry keeps up with the rest of the world. And the Chancellor must invest more to boost demand rather than cutting the public services and tax credits which are vital to supporting working families.”
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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