Unite, Britain's biggest union, says the latest poor manufacturing output figures are a warning to George Osborne that a triple dip recession is a genuine threat to Britain's economy unless he delivers a game-changing budget.
The Index of Production from the Office for National Statistics (ONS) showed that manufacturing fell by 1.5 per cent compared to last month and 3.0 per cent compared with January 2012.
Unite assistant general secretary Tony Burke said:
"These figures should serve as a warning to George Osborne that his forthcoming budget must be a game-changer for Britain's economy. The country faces the very real threat of a triple dip recession unless there is urgent action to boost the economy.
"The ONS figures also show that it would be foolish for the chancellor to bank on the service sector to rescue the economy. Unfortunately, George Osborne's promise of a march of the makers was a work of fiction by a poor author.
"As part of the budget, Britain needs a strategic manufacturing plan, but the government seems a long way off from developing one. At present the government's 'cross your fingers and hope for the best' strategy is predictably failing. Britain needs a massive boost and a strategic plan to power the country out of the doldrums."
Contact Ciaran Naidoo on 07768 931 315
Notes to editors:
- Unite is Britain and Ireland’s largest trade union with 1.5 million members working across all sectors of the economy. The general secretary is Len McCluskey