Commenting on the IMF country report on the UK published
today (Thursday), TUC General Secretary Brendan Barber said:
"Today's alarming health check on the UK economy
from the Chancellor's favourite economic experts makes it clear that plan A is
not working.
"The recovery has ground to a halt, the government
is set to miss its deficit target and austerity has shrunk the size of the
economy by £37.5bn over the last two years.
"Continuing along this path could cause permanent
damage to the economy. Even the Prime Minister has hinted Britain could face
perpetual cuts.
"The government must call time on self-defeating
austerity and stimulate demand to get the economy growing again. Yesterday's
plan to encourage investment in infrastructure may stem some of the damage
caused by the government's strategy but it won't secure the recovery,
especially as the government is slashing its own investment spending.
"The country needs a far more ambitious plan that
invests in people and supports industries, rather than one that sucks the life
out of the economy."
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