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Sunday, 12 May 2013

Flatlining economy

 

News that the UK economy grew by 0.3 per cent in the first quarter of 2013 received a muted response from the TUC, which said that the Chancellor had set the bar so low that avoiding Britain's first ever triple dip recession was considered good news.
The TUC said that the economy was flat-lining, unemployment was growing and much-needed rebalancing away from finance and the south east had failed to materialise. It was no surprise that the UK faced a housing shortage when the construction sector was now nearly 10 per cent smaller than when the Chancellor took office.
Full TUC reaction @
http://www.tuc.org.uk/economy/tuc-22133-f0.cfm

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