Responding to the Chancellor’s Autumn Statement, Grahame Smith, Scottish Trades Union Congress (STUC) General Secretary said:
“This statement reveals the true extent of the unfolding disaster that is the Coalition’s economic policy. The Chancellor confirmed that growth will be much lower than previously forecast and unemployment much higher. And, as the STUC always predicted, his programme is failing on its own terms as forecasts for borrowing increase significantly; by more than £100bn on the March Budget forecasts.
“Measures announced today on infrastructure investment and credit easing are much too weak to avoid an extended period of economic stagnation and high unemployment; the inevitable consequence of a dangerously irresponsible and ideologically motivated austerity programme.
“As usual, the Chancellor was unable to hide his contempt for ordinary workers. Public sector workers will suffer at least another couple of years of falling real incomes and potentially more as the Chancellor seeks to undermine established collective bargaining processes. The meagre employment and health and safety protections afforded to UK workers will be further diluted.
“But it is families, women and children who will suffer most as the Coalition’s economic mismanagement continues to force the burden of fiscal consolidation onto their shoulders”.
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