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TUC: Economy unbalanced
THE ECONOMY remains unbalanced and so any recovery in growth will lack resilience and sustainability, the Trades Union Congress (TUC) warns in a report published today.
Exports and investment are still too low to help the UK return to growth, the report says, while there has been little change in the sectoral make-up of the economy either.
Despite the chancellor’s promise to rebalance the economy, “both net trade and investment growth have been somewhat patchy” since the recession took hold, the report argues, saying George Osborne has failed to raise long-term prospects.