Midlands
TUC Regional Secretary, Rob
Johnston, said:
"After
the crash of 2008 we were told that the bonus culture for the super rich would
come to an end. Unfortuantely, its back to the future. Whilst ordinary people
here in the Midlands suffer from the most severe squeeze on wages and
massive job insecurity the super-wealth carry on as if nothing has occured.
And
this will do nothing for the health of our regional economy. The Midlands
economy needs investiment in manufacturing and a strong determination to tackle
our chronic youth unemployment problem. Back to business as usual for the super
rich elite will do nothing to help our communities here in the Midlands.
The
Midlands needs a future that works for all our people, not a bonus
free for all for the rich elite"
TUC
General Secretary Frances
O’Grady said:
“The
return of big bonuses shows Britain is booming for the super-rich. While
ordinary people suffer the longest wage squeeze in over a century, those at the
top have seen bonuses rise by a stonking four per cent.
“Not
content with giving the super-rich a tax cut, the Chancellor has also showered
them with an extra gift worth tens of millions of pounds, courtesy of the
taxpayer, by giving them plenty of notice to defer their bonuses and avoid the
50p tax rate.
“The
shape of Britain's recovery looks increasingly like one where the same old
elites hog the gains, while ordinary workers are expected to take declining
living standards on the chin.”
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The ONS figures are available at www.ons.gov.uk/ons/rel/awe/average-weekly-earnings/index.html
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