Unions shouldn’t march for more debt
19 October 2012
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The motives behind the TUC march are utterly misguided
Commenting on Saturday’s TUC march, Mark Littlewood, Director General of the Institute of Economic Affairs, said:
“The truth is that these protestors are largely both privileged and well-paid. The issue at stake is whether those in relatively well paid jobs in the public sector should to be subsidised by those in the private sector who earn less.
“The reforms the unions oppose are necessary to tackle the deficit and increasing debt. Public spending is around 47% of GDP and the deficit this year alone is forecast to be around £92bn. We simply cannot borrow indefinitely to bolster the public sector.
“The government must not listen to militant union leaders. The cuts we have seen are tiny and further concessions to these protestors would be wholly unaffordable. Protestors are enraged by tiny reductions in spending and want to splurge more money today at the expense of future generations who will be hamstrung by debt. This is greedy and immoral.”
Notes to editors
To arrange an interview with an IEA spokesperson, please contact Stephanie Lis, Director of Communications: 020 7799 8909, slis@iea.org.uk
The mission of the Institute of Economic Affairs is to improve understanding of the fundamental institutions of a free society by analysing and expounding the role of markets in solving economic and social problems.
The IEA is a registered educational charity and independent of all political parties.
“The truth is that these protestors are largely both privileged and well-paid. The issue at stake is whether those in relatively well paid jobs in the public sector should to be subsidised by those in the private sector who earn less.
“The reforms the unions oppose are necessary to tackle the deficit and increasing debt. Public spending is around 47% of GDP and the deficit this year alone is forecast to be around £92bn. We simply cannot borrow indefinitely to bolster the public sector.
“The government must not listen to militant union leaders. The cuts we have seen are tiny and further concessions to these protestors would be wholly unaffordable. Protestors are enraged by tiny reductions in spending and want to splurge more money today at the expense of future generations who will be hamstrung by debt. This is greedy and immoral.”
Notes to editors
To arrange an interview with an IEA spokesperson, please contact Stephanie Lis, Director of Communications: 020 7799 8909, slis@iea.org.uk
The mission of the Institute of Economic Affairs is to improve understanding of the fundamental institutions of a free society by analysing and expounding the role of markets in solving economic and social problems.
The IEA is a registered educational charity and independent of all political parties.
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