Unite press release

For immediate release: Wednesday 20 July 2022

Unite will continue to resist attacks that make workers pay the price of the inflation crisis.

Workers’ cost of living crisis grows - official stats show pay is falling fastest since 2001.

Relentless corporate profiteering not wage rises driving inflation as the RPI climbs to 11.8% / CPI 9.4%.

Unite General Secretary, Sharon Graham, says: “Workers have had the spring, summer, autumn and winter of discontent for years. We now have record inflation to match record temperatures. Average pay is now falling at the fastest rate in 20 years. Unite will not stand by and let workers take the hit for a crisis not of their making”.

Unite’s latest investigation confirms where the blame lies for the real causes of current inflation and it’s not workers’ wages.

Sharon Graham says: “The Government and corporate UK are scapegoating workers, trying to blame them for record rising prices. But it’s not workers’ wages driving inflation, it’s relentless corporate profiteering. It’s time we started talking about that”.

ENDS

Contact: Ciaran Naidoo on 07768 931 315

Twitter: @unitetheunion Facebook: unitetheunion1 Instagram: unitetheunion Web: unitetheunion.org

Unite is the UK and Ireland’s leading union fighting to protect and advance jobs, pay and conditions for members working across all sectors of the economy. The general secretary is Sharon Graham.

NOTES

During the pandemic years a Unite investigation has confirmed that. The profits of the FTSE 350 zoomed by 73% during the pandemic. In the last year CEO wages have been hiked, on average, by 29%. See Unite’s latest report ‘Corporate Profiteering and the Cost of Living Crisis’.