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Commenting on the publication today (Friday) of the latest data on public sector finances by the Office for National Statistics, TUC General Secretary Frances O’Grady said:

“The poor performance of wages and job quality is the key reason the government’s deficit reduction plans have failed. Today’s statistics suggest that even their most recent forecast may be missed, with self-assessment tax receipts still down on expectations.

20 February 2015

Commenting on the publication today (Friday) of the latest data on public sector finances by the Office for National Statistics, TUC General Secretary Frances O’Grady said:

“The poor performance of wages and job quality is the key reason the government’s deficit reduction plans have failed. Today’s statistics suggest that even their most recent forecast may be missed, with self-assessment tax receipts still down on expectations.

“We urgently need a new plan to deliver a higher-value economy with decent pay, decent jobs and enough revenue to obliterate the deficit.”

NOTES TO EDITORS:

- New research published by the TUC earlier this week found that the government is collecting £33.4bn less in income tax and national insurance than official forecasts suggested because of the lack of earnings growth in the UK. More information can be found at http://www.tuc.org.uk/economic-issues/public-spending/economic-analysis/britain-needs-pay-rise/wage-stagnation-has 

- The TUC is organising Fair Pay Fortnight 2015 between Monday 16 February and Sunday 1 March. The Fortnight is part of the TUC’s Britain Needs a Pay Rise campaign and will feature a series of events across England and Wales to raise awareness about low pay, pay inequality and the need for higher pay settlements in the public and private sector. For more information please visit www.fairpayfortnight.org

- All TUC press releases can be found at www.tuc.org.uk

- Follow the TUC on Twitter: @tucnews
 

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