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Labour says new data shows Conservatives ‘cannot be trusted on the economy’

THE economy is nose-diving thanks to Tory mismanagement, trade unions and Labour warned yesterday.

As new figures revealed falling productivity for the fourth successive quarter, shadow chancellor John McDonnell said: “With our economy shrinking last quarter, business investment tumbling, and scandal after scandal in the finance sector, it’s clear that the Conservatives cannot be trusted on the economy.”

The latest labour force survey by the Office for National Statistics showed that real wages are still falling and are worth less than 10 years ago.

TUC general secretary Frances O’Grady said: “With wages not yet recovered from the financial crisis, workers now face the risk of a new recession.”

She called for abolition of insecure zero-hours contracts.

General union GMB warned that 525,000 more jobs were expected to go in a “no deal” departure from the EU.

Neil Foster, GMB national research and policy officer, said: “This prime minister does not appear to care about anyone else’s job other than his own.”

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