Commenting on the latest GDP figures published today (Friday) by the Office for National Statistics (ONS), TUC General Secretary Frances O’Grady said:
“It’s a tale of two economies – a few people at the top are thriving, but most workers’ wages are still in decline.
“This kind of growth is fragile because businesses can’t keep prospering if their customers have less money to spend.
“George Osborne needs a clear strategy for a wages-led recovery or it will be the deficit that continues to grow while the economy runs out of steam.”
NOTES TO EDITORS:
- All TUC press releases can be found at www.tuc.org.uk
- Follow the TUC on Twitter: @tucnews
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