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Feb
2015
Wednesday 18th
posted by Peter Lazenby in Britain

BRITISH workers have endured the longest real-wage squeeze since records began in the 1850s, according to the TUC.

Even with inflation hitting record lows as a result of falling energy prices — rather than any action by the government — it is still going to take years for wages to recover to their pre-recession levels.

In north-east England average pay has seen a real-terms drop of more than £1,600 since the coalition took office in 2010.

And in the same period FTSE100 chiefs enjoyed an average real-terms pay rise of £700,000 — 26 per cent.

The richest 100 people in Britain increased their wealth by £40 billion in 2014 alone.

The TUC survey showed that the only thing rising for British workers was a reliance on foodbanks and an increasing number shunted onto zero-hours contracts.

TUC general secretary Frances O’Grady said: “The bottom line is that without fair pay for the many we will not build a recovery that is fair and sustainable.

“And that is bad for government too. Badly paid people pay little tax.”

She said Britain’s deficit was continuing because of falling tax revenues caused by low pay and unemployment, and that cuts are not working.

The TUC started Fair Pay Fortnight — a series events and street stalls throughout Britain — on Monday to campaign for ordinary workers to get a fair share.

peterlazenby@peoples-press.com




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