Household Debt Is Not A Stable Basis For Growth, Says TUC
Commenting on ONS figures released this week which show GDP growth of just 0.3%, TUC General Secretary Frances O'Grady said:
"The government is relying on consumers for what little growth we're getting. But the signs of strain are starting to show, with real wages falling and families getting deeper into debt.
"With businesses reluctant to invest, it's clear the government needs to step up to the plate with a plan to boost investment, and to get wages rising again. And they should start by ending public sector pay restrictions and putting the minimum wage up to £10 as soon as possible."
Household Debt Is Not A Stable Basis For Growth, Says TUC, 27th July 2017, 17:31 PM