Benefits of economic recovery are going to fat cats who need it least, says TUC

In response to new research published today (Monday) by Incomes Data Services, which finds that FTSE 100 directors’ earnings rose by 21% over the last year, TUC General Secretary Frances O’Grady said:

“Now we know who is benefiting from the recovery, and as sure as anything it is not the great majority of workers who continue to face cuts in their living standards.

“Every year people ask if soaring boardroom greed can continue. It seems that it can.

“No wonder workers across the health service are taking strike action today as they and thousands of others get ready for the TUC’s Britain Needs a Pay Rise demonstration next Saturday.

“We can confidently look forward to ministers condemning NHS staff even while they reward these top directors with tax breaks. No wonder so many feel that the government is out of touch with real lives.”

NOTES TO EDITORS:

- All TUC press releases can be found at www.tuc.org.uk

- Follow the TUC on Twitter: @tucnews

- On Saturday 18 October the TUC is organising Britain Needs a Pay Rise – a national march and rally in London to call for an economic recovery that delivers for everyone, and for fair wages to help end the living standards squeeze. For more information on the campaign go to www.tuc.org.uk/economic-issues/britain-needs-pay-rise