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Newest ONS figures present a fall in actual wages among the many largest since comparable information started
‘Put cash in individuals’s pockets’ the Trades Union Congress (TUC) urged minsters at present, following new ONS figures which revealed a fall in actual wage development and public sector pay.
The most recent ONS figures confirmed that actual pay fell by 2.3% while whole pay fell by 3.0% up to now yr, while TUC mentioned public sector pay plummeted by 4.5%.
This stays among the many largest falls in development since comparable information started in 2001. A bigger fall was final seen in February to April 2009, when it fell by 4.5%.
The most recent figures present additional proof that pay for employees is just not rising shortly sufficient to deal with value inflation, with the headline fee of inflation presently at 10.4%.
Alex Collinson, Evaluation and Analysis Officer at TUC, commented that this was already the longest pay squeeze in dwelling reminiscence, and that it’s forecast to final one other three years.
In response to the information, Paul Nowak, TUC Basic Secretary, known as on the federal government to spice up the minimal wage to £15, give public sector employees an actual pay rise and cease the Strikes Invoice.
“The longest wages stoop in fashionable historical past reveals no signal of letting up,” mentioned Nowak.
“Laborious-pressed households can’t take far more. It’s no shock that employees are having to take strike motion to defend their dwelling requirements.
“Ministers must be targeted on resolving the entire present pay disputes.
“They usually should act now to place cash in individuals’s pockets – beginning with giving our public sector employees an actual pay rise, boosting the minimal wage to £15 as quickly as potential, and ending their assault on the precise to strike for higher pay and situations within the Strikes Invoice.”
Unite the Union’s Basic Secretary Sharon Graham mentioned the drop in worth of wages confirmed the significance of unions to defend employees’ pay.
She additionally blasted politicians for permitting ‘endemic profiteering’ to drive the price of dwelling disaster and for anticipating employees to foot the invoice.
Graham mentioned: “Regardless of what the chancellor and others in authorities say, it’s abundantly clear that wages aren’t driving inflation.
“Concurrently actual phrases pay for working individuals has plummeted, company earnings have soared to astonishing new heights.”
Days misplaced to labour disputes on this nation elevated on final yr, with 348,000 working days misplaced in February 2023, up from 210,000 in January 2022.
Nowak mentioned the very last thing employees needed was to lose extra pay by taking strike motion and accused ministers of ‘dragging their heels’ on significant negotiations, leaving employees with no selection however to strike to defend their pay.
Nowak concluded: “The Conservative authorities is not going to resolve pay disputes by speeding in new legal guidelines that assault the precise to strike.
“One of the best ways to settle disputes is across the negotiating desk – and with credible pay provides that shield employees from rising costs.”
Hannah Davenport is commerce union reporter at Left Foot Ahead
Left Foot Ahead’s commerce union reporting is supported by the Barry Amiel and Norman Melburn Belief
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