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Usdaw says Spending Review threatens growth and could lead to a new recession

Date: 20 October 2010 In response to the Chancellor of the Exchequer's Spending Review statement made today, the shopworkers union Usdaw said that the coalition's economic policy threatens to seriously damage growth and at worse risks plunging the UK into another recession.

John Hannett, Usdaw General Secretary said:

"We accept there is a need to reduce the deficit but we believe the speed and depth of the proposed cuts is both unfair and irresponsible."

"It is irresponsible because over a million more jobs in both the public and private sectors are now under threat and yet there was virtually nothing in the Chancellor's statement about how the government plans to secure the recovery and future economic growth. Consumer confidence is already down and following this review it is unlikely to recover quickly and I fear the government maybe pushing us into another recession."

"It is unfair because women, families and the low paid will continue to face the brunt of the cuts when it should really be the banks and financial sector that caused the crisis in the first place. The coalition has already announced massive cuts to the financial support many of our low paid but hard working members rely on to make ends meet and we now fear that the replacement of all in work benefits and tax credits with a universal credit will hit our members and their families even harder."

"The Chancellor's boast that we are 'all in this together' is going to sound pretty hollow this Christmas and New Year when the bankers start celebrating huge bonus payouts while many families face financial hardship and the spectre of unemployment."

Notes for Editors:

  • Usdaw (the Union of Shop, Distributive and Allied Workers) is the UK's fourth biggest trade union, with over 390,000 members. Usdaw is the country's fastest growing trade union; membership has increased by more than 15% in the last four years and by over a quarter in the last decade. Most Usdaw members work in the retail sector, but the union also has many members in transport, distribution, food manufacturing, chemicals and other trades.

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