Chancellor's Spring Statement

By Reporter, The HighLand Times, Tuesday March 13 2018

Chancellor did nothing to help working people hit by falling wages and with poor quality work, says TUC.

The TUC has criticised the lack of action in the Chancellor’s Spring Statement today (Tuesday).

Real wage growth in 2018 is forecast to be just 0.3%. And in 2022/23 wages will still be worth less than before the financial crisis fifteen years earlier.

Economic growth, forecast at 1.5% in 2018, will leave the UK with joint weakest growth for G7 nations.

But despite the weak forecasts, the Chancellor has chosen to keep capital investment well below the OECD average and is continuing to peg back public sector pay.

TUC General Secretary Frances O’Grady said:

“This was not the jumpstart the British economy needed.

“The Chancellor had nothing to say to workers hit by falling wages, to communities where there are few decent jobs, or about our public services stretched to breaking point.

“Working people shouldn’t have to wait until the autumn budget for the Chancellor to act. “He should boost wages now by giving public servants a proper, funded pay rise.

“And he should set up a new National Investment Bank to get investment to communities with outdated infrastructure and low productivity.

“This would attract new business and create better-quality, better-paid jobs.”



More From Highland Times

Latest News Live

Corbyn Challenged to Back Single Market to Avoid Economic…

Labour is betraying working people by backing Tory…

Read More ›

Prime Minister Challenged on Record Number of Drug…

Alison Thewliss MP (pictured) has challenged the Prime…

Read More ›

View all


NOSCA Cricket Results

Recent results from NOSCA.

Read More ›

Shinty Results

Camanachd Association Results

Read More ›

View all

Clip Of The Day

Viva Las Inverness

Elvis lives and he is in Inverness until the 21st of…

Read More ›

Iolaire Disaster Commemorated at Gaelic Drama Summer…

A new play commemorating the tragic events of the Iolaire…

Read More ›

Newsletter Signup

Register today and can keep upto date with latest news at Highland Times 24/7