TUC warns employers to give best pay deals they can or economy will suffer

Commenting on an IDS survey released today (Thursday) which reveals that median pay settlements dropped to one per cent during May to July 2009, TUC General Secretary Brendan Barber said:
'The main period for pay negotiations is now past and this analysis is based on a relatively small sample of pay deals settled relatively late in the year - during the year to date the median pay settlement is 2.3 per cent and earnings are continuing to grow.
'While unions have negotiated pay freezes and short-time working in companies badly hit by the recession, many employers can afford settlements that provide real growth in wages.
'If the trend in this survey continues, it will have serious knock-on effects for the economy if consumers have less money in their pockets.'

http://www.tuc.org.uk/newsroom/tuc-16891-f0.cfm