TUC: UK recovery slower than most developed countries

The UK is experiencing a slower economic recovery than 23 of the 33 advanced economies monitored by the International Monetary Fund (IMF), according to analysis.

The TUC research said UK income per head - economic growth that takes account of population change - will not return to its pre-crash level until 2017. By contrast, income per head in Germany and the US will be more than 10% higher a decade on from the financial crisis, while South Asian economies are set to have growth of plus 20%. The TUC said the figures, which are based on the IMF's latest GDP forecasts, reveal that the UK risks enduring a 'lost decade of growth', while many of its economic rivals forge ahead. With the Chancellor identifying an economic 'global race' as the def...