Low inflation leaves road clear for major investment to boost recovery, says TUC

16 Sep 2020 02:47 PM

Commenting on the new inflation figures, which show CPI inflation at just 0.2% – the lowest figure for five years – TUC General Secretary Frances O’Grady yesterday said:  

“With inflation at its lowest for five years, the road is clear for major government investment to support jobs and wages, and to boost economic recovery.  

“The most urgent step is a successor to the job retention scheme to prevent a surge in employment this autumn. We need a drive to quickly fill hundreds of thousands of vacancies in public services. And the government should invest to support new jobs in the green tech we need for a safe future.” 

Editors Note

• The Trades Union Congress (TUC) exists to make the working world a better place for everyone. We bring together more than 5.5 million working people who make up our 48 member unions. We support unions to grow and thrive, and we stand up for everyone who works for a living.