TUC – UK economy is “far from out of the woods”
“We all want to see lower inflation. But it will take more than price rises slowing for working people to feel better off – especially with food bills remaining sky high.
“Real wages are still worth less today than in 2008 after the longest pay squeeze in 200 years. And at the same time, unemployment and insecure work are shooting up.
“Our economy is far from out of the woods – too many long-run challenges remain unaddressed.
“We need a credible plan to deliver decent well-paid jobs across the country. The Conservatives have yet to produce one despite being in office for the past 13 years.”
ONS labour market figures published yesterday revealed a 109,000 rise in unemployment and a record number of workers (1.2 million) on zero-hours contracts.
ENDS
- RPI inflation reduced to 9% according to today ONS statistics.
-TUC calculations of real pay are based on the CPI measure of inflation.
- Congress 2023 will be held in the ACC Liverpool (Kings Dock, Liverpool Waterfront, Liverpool L3 4FP) from Sunday 10 September to Wednesday 13 September. Free media passes can be obtained by visiting www.tuc.org.uk/applying-media-or-external-visitor-credentials and completing an online form. Applications must be completed no later than 12noon on Tuesday 15 August. Any applications received after this date will be processed when possible and may be subject to delay. Late applications will be subject to a £75 + VAT administration fee. Passes will be processed and sent out from the middle of August. For more information, please contact the press office.
- About the TUC: The Trades Union Congress (TUC) exists to make the working world a better place for everyone. We bring together the 5.5 million working people who make up our 48 member unions. We support unions to grow and thrive, and we stand up for everyone who works for a living.
Contacts:
TUC press office
media@tuc.org.uk
020 7467 1248
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