Business Advice for all UK firms from starting a business to flotation
Workers face pay freeze in 2010
Workers face a second year of pay freezes despite the UK emerging from recession and rising inflation, according to data released by the Labour Research Department (LRD).
The report has said that a third of all pay deals now included a pay freeze - the largest proportion since the recession began.
The Retail Price Index (RPI) measure of inflation, which is commonly used in pay negotiations, hit an annual rate of 2.4% at the end of 2009.
Lewis Emery, LRD's pay and conditions researcher, said union leaders would focus on preventing job losses instead of pushing for pay rises.
"Maintaining jobs and business continuity is a greater concern, both in the private and public sectors," said Mr Emery.
Post Date: February 8th, 2010
The report has said that a third of all pay deals now included a pay freeze - the largest proportion since the recession began.
The Retail Price Index (RPI) measure of inflation, which is commonly used in pay negotiations, hit an annual rate of 2.4% at the end of 2009.
Lewis Emery, LRD's pay and conditions researcher, said union leaders would focus on preventing job losses instead of pushing for pay rises.
"Maintaining jobs and business continuity is a greater concern, both in the private and public sectors," said Mr Emery.
»
- Login or register to post comments
- Printer friendly version
Post Date: February 8th, 2010







