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Fears recession is looming

Tim Roache
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There are call for the Government to ‘get its act together’, as ONS figures released this morning showed GDP struggling at just 0.1 percent growth in the first quarter of 2018. Contributor Tim Roache, General Secretary – GMB.

Recent polling by Survation on behalf of GMB shows more than half of those questioned expect the UK to slip into recession within the next two years. Tim Roache, GMB General Secretary, said: “UK growth has ground to a halt. The Government needs to get it’s act together and accept that austerity hasn’t worked, nor has any strategy Ministers might claim to have for Brexit.

“Alarm bells should be ringing when years of cuts that have caused untold misery and brought public services to their knees result in this paltry rise in GDP. GMB polled people recently to see how the electorate feel about the state of the economy, half of those we spoke to believed we’re heading into recession in next two years.

“That’s hardly a ringing endorsement of Government policy. We need significant investment in the UK economy now to boost confidence and jobs with an approach to Brexit that is led by UK jobs and industry, not Cabinet squabbles.”


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