Low pay settlements remain a concern, says TUC
“This shows that wages have yet to return to serious growth. Most workers are still not getting a fair share from the recovery.
“Pay settlements remain at historic lows and should not be given a positive spin by comparing them to the current very low rate of inflation. This is not a stable route for restoring lost living standards.”
20 February 2015
Commenting on the publication today (Friday) of the latest data from pay analysts at XpertHR, which suggests wage growth remains weak, TUC General Secretary Frances O’Grady said:
“This shows that wages have yet to return to serious growth. Most workers are still not getting a fair share from the recovery.
“Pay settlements remain at historic lows and should not be given a positive spin by comparing them to the current very low rate of inflation. This is not a stable route for restoring lost living standards.”
NOTES TO EDITORS:
- The TUC is organising Fair Pay Fortnight 2015 between Monday 16 February and Sunday 1 March. The Fortnight is part of the TUC’s Britain Needs a Pay Rise campaign and will feature a series of events across England and Wales to raise awareness about low pay, pay inequality and the need for higher pay settlements in the public and private sector. For more information please visit www.fairpayfortnight.org
- All TUC press releases can be found at www.tuc.org.uk
- Follow the TUC on Twitter: @tucnews
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