Thursday, 31 March 2011

Low pay deals and tax credit cuts adding to biggest income squeeze in generations

Commenting on the latest pay survey published today (Thursday) by Incomes Data Services (IDS), Midlands TUC Regional Secretary Cheryl Pidgeon said: “Wages are edging up as firms increase profitability but most pay deals are still less than half the level of inflation.
“The government is also piling on the financial pressure, with tax credits cuts coming in next week costing many working families thousands of pounds a year.
“Ministers are overseeing the biggest income squeeze in generations and doing precious little to help people.”

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