Borrowing figures shows austerity economics are not working

Commenting on the news that public sector net borrowing has increased by £2.7 billion, Dave Prentis, UNISON general secretary, said:

“It is all pain, no gain. Tory cuts are not working; they are making life a misery for millions, sucking the life out of our economy and making the recession worse for the majority. It is madness that we are borrowing to keep people on the dole rather than investing to create jobs.

“It is time for the government to ditch austerity and give our economy the shot in the arm it so desperately needs. A stimulus package that would protect jobs and end the public sector pay freeze would help to boost much-needed spending.”

ENDS