Bank of England warning should make wages a top priority for election manifestos, says TUC
“British workers have already suffered the longest pay squeeze since Victorian times. It will worry them that the Bank of England says there is more pain to come this year.
11 May 2017
Commenting on the Bank of England’s inflation report published today (Thursday), which forecasts that the real value of wages will fall by 0.8% in 2017, TUC General Secretary Frances O’Grady said:
“British workers have already suffered the longest pay squeeze since Victorian times. It will worry them that the Bank of England says there is more pain to come this year.
“All the political parties must explain in their manifestos how they will give Britain a pay rise. They should start with scrapping the unfair pay restrictions on public servants, which will leave midwives over £3,000 a year worse off in real terms by 2020. And they must commit to boosting the National Minimum Wage to £10 as soon as possible.”
ENDS
Notes to Editors:
- All TUC press releases can be found at tuc.org.uk/media
- TUC Press Office on Twitter: @tucnews
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