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Just 1 in 50 workers feel boosted by economic 'recovery'

Low pay and falling living standards mean there's little cause for optimism, TUC finds

Just one in 50 of Britain’s workers believe they are better off because of the much-trumpeted economic recovery, the TUC said yesterday.

It warned that any recovery is “unsustainable” unless workers’ pay and living standards improve.

“We must ensure we have a recovery for all, that doesn’t leave working people struggling to make ends meet as energy and transport costs continue to spiral,” said TUC assistant general secretary Paul Nowak.

“What the patchy recovery has done is shine a light on the uneven distribution of reward in the UK.

“In the first three days of the year chief executives of top companies earn what their workers can expect to receive during the whole of 2014.”

Mr Nowak, who will address a TUC conference on pay bargaining today, pointed out that directors’ pay had trebled in the past decade while workers’ wages had go nowhere.

“You only have to look at the current bonus round in the banking industry for evidence of that, where telephone-number bonuses remain the norm,” he said.

“We need a recovery that lifts the living standards of all workers, regardless of where they live or which sector they work in.”

Mr Nowak said Britain’s low pay “epidemic” should be tackled, saying most public-sector workers were still subject to a 1 per cent wage cap.

“With the economy recovering and the deficit coming down, it’s high time Britain’s teachers, nurses, firefighters, council workers and prison officers got a fair deal,” he added.

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