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Press Release

UK growth slower - official

5 October 2011

The Marie Antoinette impression from Cameron has got to stop and an emergency budget for investment in jobs is overdue says GMB

GMB commented on the revision downwards of the growth figures for the second quarter of 2011 published today. See notes to Editors.

Paul Kenny GMB General Secretary said “These figures confirm that the recovery that was underway from the banker's recession stalled as a direct result of slamming on the spending brakes.

With government getting rid of tens of thousands of public sector jobs and with the private sector either stalling or going backwards the outlook in many areas is very worrying bordering on bleak. GMB experience is that the position on the ground is getting worse.

Cameron and Osborne, Clegg and Cable are responsible for hundreds of thousands of workers now being without jobs.

The Marie Antoinette impression from them has got to stop. An emergency budget for investment in jobs is overdue.

The priority is for investment to create jobs and boost confidence rather than cuts in the tax rate for the super-rich.

Investment in housing, school repair, energy and transport are all badly needed and will create jobs and growth in all sectors of the economy.

The squandering of human talent through unemployment is a crime that will haunt future generations”

Notes:

Copy from Press Association

The UK economy grew at a slower rate between April and June than previously thought, official figures revealed today, as the country's recovery nearly ground to a halt.

Gross domestic product (GDP) - a broad measure for the total economy - grew 0.1% in the second quarter, downwardly revised from previous estimates of 0.2%, the Office for National Statistics said.

The near-stagnant growth was driven by a 0.8% drop in consumer spending, the biggest drop in more than two years, and a 1.2% decline in the production industries, the ONSsaid.

Elsewhere, the ONSrevealed growth in the first quarter of 2011 was revised down to 0.4% from 0.5% and the recession in 2008/09 was much deeper than previously thought but ended a quarter earlier than first estimated.



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