Wage Rises Above Inflation For Public And Private Sector Workers Is Only Way We Can Have A Recovery Shared By All Says GMB
We did not hear today from the Chancellor any predictions when wage increases will start to match and even outstrip inflation says GMB.
GMB commented on the Autumn Statement by the Chancellor of the Exchequer today 5th December.
Paul Kenny, GMB General Secretary, said “Last week it was announced that the level of household debts in the UK hit a record high. Britain is near the top of the international league table for household indebtedness.
Millions of families with low and middle incomes are saddled with very high mortgages and they are under severe pressure, even with low interest rates, to pay their weekly bills given they have faced inflation and have received little or no pay rises.
The recovery is at long last under way, having been delayed by policies he followed. We did not hear today from the Chancellor any predictions when wage increases will start to match and even outstrip inflation.
Britain’s workers deserve and need a pay rise. Wage rises above inflation for public and private sector workers is only way we can have a recovery shared by all. Unless wages increase in real terms there is no way families on low and middle incomes, saddled with very high mortgages, can pay higher interest payments and the other higher costs they face.”
Contact Brian Strutton 07860 606 137 or Kamaljeet Jandu 07956 237 178 or Martin Smith 07974 251 722. GMB Press Office 07921 289 880