Tuesday, October 15 16:46:25
In an initial reaction to Budget 2014, Unite Regional Secretary Jimmy Kelly said that today's Budget is likely to cost around 25,000 jobs while further delaying any hope of economic recovery for working people.
This figure is based on the number of jobs likely to have been created in the absence of the budgetary adjustment, which will depress consumer demand and growth, he said.
Mr Kelly was scathing about what he termed a 'deeply cynical Budget' which will impose further hardship on low income families and vulnerable groups such as pensioners while continuing to protect those at the top of the economic pyramid.
"Following Budget 2014, a total of E30 billion will have been sucked out of the economy over the past five years - or E6,600 for every man, woman and child in the country, further squashing any prospect of growth. Unite, along with the trade union movement as a whole, has long advocated a sustained, substantial and focussed programme of investment in job creation. Any minimal additional investment that might come out of this Budget must be set against the fact that, between 2011 and 2014, E3.4 billion in investment has been permanently cut out of the economy."