Commenting on today’s (Friday) publication of GDP data, which shows zero growth in the fourth quarter of 2022, TUC General Secretary Paul Nowak said:
"Our flatlining economy is a problem made in Downing Street. By holding down pay, the Conservative government is holding back economic growth. It forces families to cut their spending. And it means that businesses have fewer customers.
“The Chancellor and Prime Minister must get us out of this doom loop. They must put pay rises at the heart of next month’s budget. It’s the fuel in the tank that our economy needs to get moving again.”
The TUC’s budget submission called on the government to boost pay, deliver plans for strong public services and fair taxation, and protect families from the cost of living emergency. Specific recommendations include:
The full set of recommendations is here: https://www.tuc.org.uk/research-analysis/reports/spring-budget-2023
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