Inflation figures: Corporate greed driving price rises not wages
- Wednesday 17 August 2022
Commenting on the ONS inflation figures released today, Unite general secretary Sharon Graham said:
“Today inflation reached new perilous levels for workers and their families. Yesterday, real wages fell to the lowest on record, So, if today’s figures prove anything it’s that wages are not driving inflation. Since the pandemic, the FTSE top 350 have seen profits soar by 43 per cent. Britain has a profiteering crisis - when is something going to be done about that?"
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Unite is Britain and Ireland’s largest union with members working across all sectors of the economy. The general secretary is Sharon Graham.