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Saturday, 11 June 2011

Wake up call on living standards

The TUC reacted to last month's interim report of the Commission on Living Standards by saying that fair wages and jobs were essential to a new strategy for economic growth.
Describing the report as 'a wake- up call to anyone who assumes that rising living standards will automatically accompany our economic recovery', the TUC said that the failure of wages to keep up with economic growth, the rise of household debt and the concentration of wealth at the top all contributed to the financial crash.
In other economic news in May, the TUC said that the Bank of England's latest Inflation Report was a clear warning signal against deep and rapid spending cuts.
TUC on Commission on Living Standards @
http://www.tuc.org.uk/economy/tuc-19610-f0.cfm

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