Revised growth figures for the end of last year confirm that the Chancellor has steered the UK back into a double-dip recession for the first time in 40 years, with falling living standards continuing to depress consumer spending.
The TUC has argued that continuing with 'self defeating austerity' is not only choking off recovery, but also risks causing permanent long-term damage to the UK economy. A new plan based on investment and jobs was now more vital than ever.
Earlier in June, the TUC welcomed falls in both CPI and RPI inflation, but said that prices were still rising faster than wages, putting a squeeze on workers' finances every month.
TUC on growth figures @
http://www.tuc.org.uk/economy/tuc-21157-f0.cfm
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