Union body warns country is teetering on the brink of recession
Commenting on today’s (Wednesday) inflation figures showing the September CPI unchanged at 6.7 per cent, TUC General Secretary Paul Nowak said:
“Bills and prices are still going up - just a bit more slowly than they were a year ago.
“While other countries have acted decisively to reduce cost of living pressures, working families and businesses here remain seriously under the cosh.
“Let’s not lose sight of the bigger picture. The UK is teetering on the brink of recession, with employment falling as companies scramble to cut costs.
“The Conservatives’ lack of a credible economic plan is costing us dear. Britain cannot afford the Tories.”
TUC analysis shows the UK has the highest rate of inflation in the G7
ENDS
Notes to editors:
- 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
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