Dropping pay and rampant inflation spells disaster

Posted by GMB Admin
Tuesday 17 May 2022
GMB Trade Union - Dropping pay and rampant inflation spells disaster

GMB Union says today’s figures showing real wages dropping as inflation runs rampant could spell disaster for working people.

Gary Smith, GMB General Secretary, said:

“Pay dropping at the same time as inflation runs rampant could spell disaster for too many working people.

"Real wages have suffered their biggest drop for a decade - yet the boss of the Bank of England still thinks people shouldn't ask for a pay rise.

"The best way to get wages rising is to empower trade unions. GMB is winning above inflation pay-rises for workers all across the country.

"And we need urgent action from the government to help people with the cost of living crisis."

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