Commenting on today’s budget statement from chancellor Rishi Sunak, TUC General Secretary Frances O’Grady said:
“The chancellor is making a dangerous bet on the economy bouncing back on its own. He is gambling with the recovery when he should have acted to create jobs.
“We are in the worst recession of our lifetimes. But while President Biden acts big, the chancellor thinks small. We saw nothing like the investment we need to stop unemployment and level-up the UK with millions of new green jobs.
“Freeports don't create jobs - and around the world they allow freeloading employers to dodge taxes.
“And after a year of key workers going above and beyond, it’s an insult that the chancellor announced no new support for our hard-pressed NHS or public services and no guarantee of a decent pay rise for all our public sector key workers.
“The last-minute extension of furlough, while welcome, ends too soon, which will risk jobs and businesses. Cutting universal credit in October will risk family incomes. And failing to fix decent sick pay for all risks more infections and another lockdown.”
Where the budget falls short
The budget falls far short of the level of action called for in the TUC’s budget submission.
The overall level of public investment to stimulate recovery has not been increased by the budget.
The TUC budget submission called for the chancellor to:
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