In his Financial Times article (£) yesterday, Labour Leader Ed Miliband MP has echoed the demand made a month ago by the global trade union movement for an emergency G20 summit. The economic case for G20 priorities to shift up a gear to create jobs and re-stimulate growth in the short term is overwhelming, especially given that Europe and North America are below what Martin Wolf called (£) “escape velocity” earlier in the week.
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John Evans
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John Evans
Last week, the OECD’s Secretary General, Angel Gurría, issued a statement on the UK’s Comprehensive Spending Review, calling it “courageous”, “a necessary step to achieving long-term fiscal stability” and “the best way to secure better public finances and bolster future growth”. At TUAC, we think his quotes are both ill-advised and inconsistent with the OECD’s stated objective of prioritizing job growth coming out of the crisis.
TUAC (the Trade Union Advisory Committee to the Organisation for Economic Co-operation and Development to use our full name) is an international union organisation, with consultative status to the OECD and its different committees. We exist to help the OECD balance the interests of global markets with an effective social dimension, and we think this is one of those occasions where the balance is distinctly off.
