Commenting on the publication today (Friday) of national accounts data, which show low business investment, a low savings ratio and record unsecured household debt, TUC General Secretary Frances O’Grady said:
“Falling business investment, a low savings ratio and record unsecured household debt are very worrying – especially with growth already so weak.
“The government must get off the side lines and take urgent action to protect livelihoods and the economy.
“We need more investment in public services and infrastructure to counter the slowdown. And ministers should support families by raising the minimum wage to £10 and ending the benefits freeze.”