Britain needs a pay rise for growth to last, says TUC
“Pay packets are still falling behind rising prices, so most people are not yet sharing in the recovery. But if the good news on growth is going to last, real wages must start improving too. Businesses can only grow if customers have more money in their pockets, which means that Britain needs a pay rise.”
Responding to the new growth forecast for the United Kingdom, published today (Thursday) in the IMF’s World Economic Outlook, TUC General Secretary Frances O’Grady said:
“Pay packets are still falling behind rising prices, so most people are not yet sharing in the recovery. But if the good news on growth is going to last, real wages must start improving too. Businesses can only grow if customers have more money in their pockets, which means that Britain needs a pay rise.”
NOTES TO EDITORS:
- All TUC press releases can be found at www.tuc.org.uk
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Contacts:
Media enquiries:
Rob Holdsworth T: 020 7467 1372 M: 07717 531150 E: rholdsworth@tuc.org.uk
Tim Nichols T: 020 7467 1337 M: 07876 452902 E: tnichols@tuc.org.uk
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