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Time to stop government’s ‘economic rollercoaster’, says TUC

Commenting on the latest employment figures published by the Office for National Statistics (ONS) today (Tuesday), which show a record number of 314,000 redundancies between July and September and that 782,000 fewer people were on payrolls in October than in March, TUC General Secretary Frances O’Grady said:   

“It‘s time to stop the government’s economic rollercoaster. Every day more job losses are announced – and every one is a tragedy for a family. 

“Ministers must use the spending review to set out a plan to create millions of good new jobs. TUC research shows that we could create 1.2 million new jobs in the next two years in green transport and infrastructure, and another 600,000 by unlocking public sector vacancies. 

“Hard-hit sectors like the arts, hospitality and aviation are really struggling. These industries have a long-term future – but ministers must step in and deliver targeted support to help them get through the months ahead. 

“People who have lost their jobs must get the support they need to make ends meet. We need an urgent boost to universal credit or many risk being plunged into poverty.”

Editors Note


Original article link: https://www.tuc.org.uk/news/time-stop-governments-economic-rollercoaster-says-tuc

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