UNISON has warned that the CBI’s calls for public sector savings of £120bn to balance public finances, threatens economic recovery.
Dave Prentis, UNISON General Secretary, said:
“Here we have the bosses union jumping on the cuts bandwagon and, in effect, saying that the public services must pay for the failings of the banks. The CBIâs plans threaten to choke off Britainâs economic recovery. Cutting spending will prolong and deepen the recession, leading to many more thousands of job losses and misery for families across the country.
“Public sector job losses or pay freezes will mean less money being spent in local economies and local businesses. Job cuts lead to higher benefit payments and lower tax receipts, costing the Treasury billions.
“Of course we, too, want to see public finances balanced but that should involve making the banks pay back the money they borrowed and cutting projects such as Trident and ID cards.”
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