Strikes could cost £500m November 24, 2011 NEXT week’s sweeping public sector strikes could cost the economy up to £500m, the Treasury claimed yesterday, although the figure was swiftly branded “fantasy economics” by the Trades Union Congress (TUC). The Treasury said that if two to three million union members join next Wednesday’s industrial action, the hit to public sector output and additional [...]
Strikes could cost £500m November 24, 2011 NEXT week’s sweeping public sector strikes could cost the economy up to £500m, the Treasury claimed yesterday, although the figure was swiftly branded “fantasy economics” by the Trades Union Congress (TUC). The Treasury said that if two to three million union members join next Wednesday’s industrial action, the hit to public sector output and additional [...]
TUC attacks funds on salaries November 14, 2011 Remuneration is the topic most likely to stir up disagreement between company management and institutional investors, according to a study released today by the Trades Union Congress (TUC) today. However, the report also found bank remuneration was particularly strongly supported. Barclays led the field with 75 per cent of fund managers backing its remuneration. The [...]
Public sector faces further years of cuts November 29, 2011 WORKERS in the public sector are bracing themselves for years of extra pain, after the chancellor said he would squeeze government expenditure further as he seeks to balance the nation’s books. Osborne is planning to cap public sector pay rises to one per cent in 2016 and 2017 – two years beyond the current pay [...]
Offer fails to avert strikes November 2, 2011 THE TREASURY laid out an improved deal on public sector pension reform yesterday, but unions said it was not enough to avert a national strike planned for 30 November. Unions representing more than 2m workers have been locked in a dispute with the coalition over its plans to raise pension contributions as part of deficit-cutting [...]
Offer fails to avert strikes November 2, 2011 THE TREASURY laid out an improved deal on public sector pension reform yesterday, but unions said it was not enough to avert a national strike planned for 30 November. Unions representing more than 2m workers have been locked in a dispute with the coalition over its plans to raise pension contributions as part of deficit-cutting [...]
TUC: Low paid are worst hurt by recession and cuts October 9, 2011 WORKERS in the lowest-income sectors are among the worst hit by rising unemployment over the last three years, according to research out today from the Trades Union Congress (TUC). Forty-one per cent of job losses came in sales and elementary service and admin roles – categories which make up less than 20 per cent of [...]
Business needs large pensions September 4, 2011 MULTI-million pound pension pots can be justified for the leaders of Britain’s top companies, according to the Confederation of British Industry. The CBI spoke out after the Trades Union Congress (TUC) said the five largest pension pots of FTSE 100 directors are worth more than £84m combined. “High rewards for real business achievements which secure [...]
Trade unions in call for fairer inflation stats September 18, 2011 THE UK’s statistics office is exploring new measurements of the effect of rising prices on struggling Britons, as the government comes under pressure to alter the way it calculates millions of pensions and benefit payments. The Office for National Statistics (ONS) says it is investigating the cost of living for new demographics, yet insists its [...]
Trade unions in call for fairer inflation stats September 18, 2011 THE UK’s statistics office is exploring new measurements of the effect of rising prices on struggling Britons, as the government comes under pressure to alter the way it calculates millions of pensions and benefit payments. The Office for National Statistics (ONS) says it is investigating the cost of living for new demographics, yet insists its [...]