Pay - time to end downward spiral

A recent survey of private sector employers has found that pay awards in the private sector will average just 2.5% over the coming year, with October the usual month for determining the following year’s increases. This is another devastating blow for ordinary workers. It has implications for the pay rounds in the public sector. With inflation way over 5% employers are actually determining that their employees should take a pay cut.  http://www.xperthr.co.uk/article/110843/.aspx

UNISON Active analysis: Inflation Up Again? That‘ll Be Public Sector Pay Cuts All Round

The inflation figures released by the Bank of England on Tuesday are a grim warning for all public sector workers. UNISONActive still believes that the only figure that counts is that for the retail price index, and the RPI has now hit 5.1 %. This figure is the measure of how much the prices of the goods that we all rely on are increasing- the increase in the price of housing, the price of food, the price of energy, the price of transport, whether in the increased costs for petrol or diesel or the increase in the price of public transport.