Chancellor’s productivity failure is holding back pay growth, says TUC

26 June 2015

Commenting on the publication today (Friday) of the latest data from pay analysts at XpertHR, which suggests that pay growth is stuck below pre-recession levels at just two per cent, TUC General Secretary Frances O’Grady said:

“While low inflation is giving employees some welcome respite, we need higher pay growth to put more spending money in workers’ pockets. This will strengthen the economic recovery and restore lost living standards.

“The comprehensive failure of the Chancellor’s economic plan to deliver the productivity gains we need is a further drag on pay growth. It’s time the government stopped blaming others for its failure to mend the economy and took responsibility for productivity growth that everyone shares in through strong wage increases.”

NOTES TO EDITORS:

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