TUC warns against 'extreme cuts'

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A focus on investment rather than austerity would help to support UK businesses, the TUC claims

TUC general secretary Frances O'Grady has warned against any future government policies that would force deep cuts on government spending and place in jeopardy the current fragile recovery that is taking place.

Ms O'Grady made her comments in response to the publication of the latest UK labour market data for May 2015 by the Office for National Statistics (ONS), which showed employment continued to rise across the country during the rolling quarter, but average earnings only marginally increased (up 1.9 per cent year-on-year).

She claimed that investment in a value economy is essential to improving the quality of life for people across the country and therefore implementing further wide-ranging austerity packages may be the wrong course of action.

"Behind the headline figures, we still don’t have enough of the well-paid secure jobs that people want for themselves and their children. Underemployment has barely recovered, leaving many families with fewer hours of work than they need," Ms O'Grady commented. "And young people are hardly sharing in the recovery, with youth unemployment still far higher than before the crisis."

Looking forward, the TUC therefore stated the new government must aim to address these key issues facing both employers and employees at present, with an increase in support for businesses of all sizes now required.

Ms O'Grady argued that the latest PMI's show the construction sector to already be in decline and manufacturing has remained flat. It is therefore important that businesses across the length and breadth of the nation are given the support needed to offset these losses and drive growth.

The last thing the nation requires at present would be "dramatic spending cuts that send our recovery off the rails", the TUC leader concluded.