Tuesday 1 November 2011

Economic bounce-back hasn't happened

Commenting on the latest GDP figures published today (Tuesday) by the Office for National Statistics (ONS), which show that the economy grew by 0.5 per cent in the third quarter of 2011, Midlands TUC Regional Secretary Rob Johnston said:

"This was meant to be the quarter when the UK economy started bouncing back, but that hasn't happened. You have to go back nearly a century to find a slower recovery from a crash.

What's worse is that this is economic self-harm. The government's deep austerity programme has choked off what was always going to be a slow and difficult recovery. No doubt ministers will try and blame the Eurozone crisis, but these figures date from before the recent difficulties.

The government must listen to the growing demands for a Plan B that puts growth and fairness first."

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