nick venedi

Sunday 7 August 2011

Cuts hurting, by the TUC

Figures revealing that Britain's GDP grew by just 0.2 per cent in the second quarter of 2011 showed that the Government's austerity policies were failing, the TUC said in response.

'Ministers told us that deep, rapid cuts would get the economy back on course and leave the private sector room to grow', said Brendan Barber. 'But the treatment has turned out to be worse than the disease.'

Ahead of the publication of the growth figures, the TUC warned that the Government's economic strategy was failing 'even on its own terms'. Borrowing was £14bn in June 2011 as opposed to £13.6bn in June 2010, with faltering growth indicating that borrowing was likely to rise further.

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