The Trades Union Congress (TUC) has criticised the coalition government for taking the national economy in entirely the wrong direction.
General secretary of the TUC Brendan Barber asserted that this has become more pronounced than ever as data from the Office for National Statistics reveals that the UK economy contracted more than was previously thought in the first three months of 2012.
Speaking at the annual Wales TUC in Llandudno yesterday (May 24th), he argued that the proposals to introduce regional pay will be very damaging economically.
He called on the government to change the course of its current deficit reduction scheme, arguing that it is lowering living standards and holding back business.
Instead, a renewed focus on investment in creating new positions and national infrastructure was recommended.
"Despite ministers' efforts to blame Europe for everything the truth is many of our problems are home grown, with consumer spending and construction both struggling under the weight of the government's austerity programme," Mr Barber explained.