UK minister warns public workers to brace for real-term pay cuts amid rail strikes No 10 urges private sector firms against giving out pay rises as inflation feared to rise above 10%

13 comments

  1. Hate to break it to them, but inflation is already soaring without payrises. So excuse me if it comes across as fucking disgraceful that this is a government policy.
    The only people this policy benefits is the already wealthy who will see their liquid assets become less valuable.

  3. To address the issue the Government should be subsidising the cost of living more; unfortunately, the current ruling party isn’t exactly known for their ‘people first’ policies.

  4. Why would anyone be expecting anything different? Who is actually expecting an above-inflation pay rise? MPs even are on a real-terms pay cut.

  5. > – Downing St says Boris Johnson still wants a “high-wage” economy despite trying to give workers a 2% pay rise as inflation heads for 11%

    > – asked when workers should expect to see their wages go up in line with inflation, a spokesman said: “I wouldn’t put a time frame on it.”

    — Jim Pickard, [Jun 20, 2022](https://nitter.net/PickardJE/status/1538856323735080961)

  7. High earners pay rises should be limited to curb inflation. If lower and middle earners pay increases it just causes a better redistribution of the wealth

  9. Look guys, you know we only care about retirees living of their equity. We can’t have wage earners competing with them so you’ll just have to suck it up.

  12. I’m sick of this economic theory bullshit, inflation doesn’t even take into account rents or mortgage payments, do that and the rate is somewhere nearer 30% I’d say, time to rip up the rule book.

  13. How can ya have pay cuts when everything is rising. Works just won’t be able to get to work any more transport cost will be that expensive.

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