The #IMF UK growth forecast ‘a mirage for millions of Britons’ @IMFNews @unitetheunion in #work #poverty @moneyaware The International Monetary Fund (IMF) prediction of greater growth in the British #economy than previously forecast bears little resemblance to the #economic reality for millions of UK citizens. Unite the Union said that the recent growth was based on consumer spending and its beneficiaries were the UK’s wealthiest top one per cent. General secretary Len McCluskey said: “The IMF projection comes days after the Trades Union Congress TUC report that showed that job growth is concentrated in the London and the south east, leaving regions, such as the north east and south west, to languish in the #jobs doldrums. “In the UK today, many people can’t afford to heat their food parcels or even to pay for their own #funeral. “The IMF’s findings may show parts of the economy are moving again after this government’s self-imposed deep freeze, but it should not start champagne corks popping at No 11 & 10 Downing Street. “Too many people in this country are not experiencing any form of `recovery’ – for them such growth is a mirage. “While people suffer wage depreciation that takes them back a decade, and the government argues over a few pence on #poverty pay, millions of pounds in personal debt have been reported in just two days to the StepChange debt charity - MoneyAware “This economy is broken and we cannot rely on this government of #millionaires to fix it.” The IMF now expects the UK economy to grow 2.4 per cent this year - faster than any other major #European economy - against its previous forecast of 1.9 per cent. In 2015, it expects growth of 2.2 per cent.
Posted on: Fri, 24 Jan 2014 02:45:51 +0000
Trending Topics
Recently Viewed Topics
© 2015