Trade Union Congress (TUC) General Secretary Brendan Barber has claimed that if the Government were to make cuts in spending now, the recession would get worse. Speaking during the lead up to the TUC’s annual conference, he claimed that unemployment would be closer to 4 million if cuts in public spending were made now and rather than talking about cuts, we should be focusing our efforts towards funding economic revival.
“A time will come when we need to get the deficit down, but that’s not the stage that we are at.”
This reiterates Gordon Brown’s message that we cannot cut our way out of a recession but instead have to invest our way out. The Conservative’s policy to address the current economic turmoil has been to make cuts now and pull back the strings of the public purse.
Whilst we will need to address our public debt problems in the future, and that cuts are an option that will need to be looked into vigorously, cutting back on public costs now for the sake of saving money would have a negative impact for the funding of projects that are vital in restoring the economy’s fortunes.