Recovery? What Recovery?
Unions reminded backslapping Tory leaders that Britain is in the grip of the worst economic crisis in a century despite 0.6 per cent growth in the last quarter.
Tiny boosts in construction and manufacturing sector were partly behind the slight respite for the battered economy.
Smug PM David Cameron claimed on Twitter that the figures showed Britain is “on the right track” and insisted his government is “building an economy for hardworking people.”
Tory Chancellor George Osborne said Britain’s gross domestic product (GDP) was “better than forecast” but failed to mention that it is still 3.3 per cent below pre-recession levels.
TUC leader Frances O’Grady reminded the pair that the economy has grown half as much as they boasted it would when they cobbled together the Con-Dem coalition in 2010.
“It’s a measure of how poor the economy is faring that this level of growth is being welcomed,” she said.
“With workers in the midst of the longest wage squeeze since the 1870s and unemployment still over 2.5 million, it certainly doesn’t feel like a recovery to many people.”
Labour shadow chancellor Ed Balls pointed out “this is also the slowest recovery for over 100 years” despite the fractional shift forwards.
He said Britain would need to seal 1.3 per cent growth every quarter for the next two years “simply to catch up all the ground we have lost under David Cameron and George Osborne.”
Overall output in construction and manufacturing remains more than 10 per cent below pre-recession levels despite progress in the last quarter.
Manufacturing recovered by 0.4 per cent after slumping consecutively for the last six quarters and the 0.9 per cent rise in construction is eclipsed by the 1.8 per cent fall in the first quarter.
Construction union Ucatt labelled the figures “disappointing” and general secretary Steve Murphy reissued his call for “urgent” investment in infrastructure projects and social housing.
There was also a 0.6 per cent growth in the service sector but concerns were raised that companies are hoarding billions of pounds that could be invested to spark real growth.
Left Economics Advisory Panel co-ordinator Andrew Fisher said privateers have amassed the surplus, equal to 6 or 7 per cent of GDP, thanks to successive cuts to corporation tax and by slashing workers’ wages.
“Companies are quite logically refusing to invest substantially in new products, services or jobs at a time when consumer demand is depressed by falling living standards,” he said.
Reblogged this on The Greater Fool.
Lets see how long it takes to get banned on here….
Look anyone in politics will know the public have a very short memory when it comes to politics, but not that short.
The issue about recover are we in recovery yes I think so local building firms in my area and I know a few working in the building trade myself, are starting to see a pick up in house building it’s taking off again and we are seeing companies saying they will give priority to people from the UK great news.
But will it last is the question I hope so, I do not care if we have the Tories in power or Labour so long as the recovery goes on and gets bigger.
we all know recovery will start one day, if it was not now it would have been next year, labour problem now is they have to attack something else, so it’s living standard, is that enough I doubt it because as the work and recovery start so will wages.
But of course Labour are still back in Austerity mode telling people labour will cap benefits and will cap wages because sadly they still think recovery is not happening.
We will see I think labour are way off again.
CAMERON AND OSBORNE MASSACRE SICK AND DISABLED PEOPLE
1) DAVID CAMERON’S FAMILY FORTUNE : THE JERSEY, PANAMA AND GENEVA CONNECTION
2) SICK? WHO GIVES ATOS?
[ Atos is the private company appointed by the british goverment to assess sick and disabled people and to cut benefits ]
A sick person died after being told to get a job as his heart condition wasn’t “life-threatening”.
3) ATOS MACHT FREI – ATOS ORIGIN TEAM UP WITH GAS CHAMBER FIRM!
Atos Origin, the poverty pimps currently pocketing hundreds of millions harassing people who are claiming sickness or disability benefits have teamed up with manufacturers of the holocaust’s gas chambers Siemens.
Siemens will contribute its Siemens IT Solutions & Services for €850-million to Atos Origin and become a shareholder of Atos Origin with a 15% stake.
Siemens are most famous for their use of slave labour during the holocaust. Prisoners were utilised by Siemens to build the gas chambers in which they would eventually be murdered…………..
4) MAN CUTS THROAT WITH KNIFE IN RUNCORN BENEFITS OFFICE IN PROTEST BEDROOM TAX…
5) ATOS BENEFITS BULLIES KILLED MY SICK DAD, SAYS DEVASTATED KIERAN, 13
6) THIS GOVERNMENT (Aided by ATOS) KILLS!
” A Freedom of Information document from the DWP has revealed that rather than an average of 32 deaths per week as a result of Welfare Reform that figure has now risen to an average of 73 deaths per week!
When is this going to stop?! When are people going to wake up and help us fight against this government?! We need help!
How many more vulnerable, sick and disabled people have to die before something is done?!
As a disabled person, I don’t want to live in this country any more.”
” People are being left with nothing! Vulnerable, sick and disabled people are being left destitute after having their benefits wrongly cut, by a cruel and callous government!”
7) CAMERON AND OSBORNE ABOLISH THE POSSIBILITY OF SICK AND DISABLED PEOPLE TO APPEAL THE DECISIONS THAT CUT THEIR BENEFITS CONDEMNING THEM TO DEATH http://blacktrianglecampaign.org/2013/08/29/draft-deregulation-bill-government-moves-to-shut-down-judicial-supervision-and-criticism-of-dwp-atos-decision-making-by-abolition-of-duty-by-tribunals-president-to-publish-annual-report/ http://www.benefitsandwork.co.uk/news/2355-dwp-dismisses-talk-of-fitness-for-work-catch-22 http://atosvictimsgroup.co.uk/2013/09/10/dwp-dismisses-talk-of-fitness-for-work-catch-22/
8) BRITISH GOVERNMENT APPOINTS PRIVATE INSURANCE COMPANY UNUM IN ORDER TO DESTROY WELFARE SYSTEM
9) United Kingdom Government Denounced for Crimes Against Disabled People to International Criminal Court in The Hague
Which government is the question, UNUM Provident runs the Cardiff University department where Mansell Alyward and Lord Freud deliberated over the new welfare reforms.
The sad fact today we could vote Miliband in and be attacked so I’ve no idea whom to vote for these days UKIP may be one
Unfortunately, I don’t think Ukip are going to be an answer.