Chris Leslie MP, Labour's Shadow Financial Secretary to the Treasury, responding to the OECD's Economic Outlook, said:
“The OECD has once again cut its growth forecasts for the UK economy, warning that youth unemployment is too high and that weak growth means wages are not keeping up with price rises.
“And the OECD is just the latest organisation to say that the Government needs to increase the number of homes being built and that investing in infrastructure now will improve our economy for the future.
“After the IMF’s damning criticism last week the Government must act to build the affordable homes we need to kickstart the economy, tackle the housing crisis and strengthen our economy for the long-term. And they must tackle the youth unemployment crisis with a compulsory jobs guarantee for every young person out of work for over a year, funded by a tax on bank bonuses.”