GDP figures published today (Friday) are continuing a pattern of low growth that has been largely caused by government cuts and underinvestment, says the TUC.
The UK economy grew at just 0.1% in the last quarter. And over the year from Q1 2017, growth was 1.2%, the lowest for more than 5 years.
TUC General Secretary Frances O’Grady said:
“One week of snow doesn’t explain a decade of weak growth, dismal productivity and falling wages. It’s the avalanche of cuts that has done the long-term damage.
“We need to modernise Britain’s infrastructure. The government should set up a National Investment Bank to upgrade roads and rail, and to bring high-speed broadband and clean energy to every part of Britain.
“And it’s time to get our public services back up to strength. Schools, hospitals and other vital services are part of Britain’s core economy. If they remain starved of resources, the rest of the economy will continue to struggle too.”
The TUC is holding a march and rally on London on Saturday 12 May demanding a new deal for working people.