ONS: Pay is still falling behind inflation
- Tuesday 13 June 2023
Despite stronger growth in wages workers will not be feeling better off. Profiteering continues to blight the economy
Commenting on the latest figures on the value of earnings, out today (Tuesday), Unite general secretary Sharon Graham said: “Pay is still falling behind inflation. Profiteering continues to make people worse off as wages chase sky high prices.
“Meanwhile, the bosses of Sainsbury’s and British Gas are being richly rewarded for rampant profits in food and energy. The rest of us are being told to expect a pay cut.
“Last week, Sainsbury’s boss, Simon Roberts pocketed £5 million. This week Centrica boss Chris O’Shea is in line for a £3.7 million bonus.
“The British economy is blighted by the biggest epidemic of profiteering in business history. It’s well past time something was done about it.”
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Unite is the leading union in the UK and Ireland, dedicated to defending and improving members' jobs, pay and conditions. The general secretary is Sharon Graham