Saturday, January 08, 2011

British Workers 'in Pain'; Bosses 'in Gain'

The report carried out by Incomes Data Services said the hardest hit would be the public sector which employs one in five workers amid recent rises in train fares, petrol prices and Value Added Tax (VAT), British media reported.

Public sector workers are facing a two-year pay freeze, except for those earning less than £21,000 who will get a 'flat' pay rise of £250 in each year.

Private sector staff will be better off, with a promise of an average pay rise of 3 percent this year compared with 2 percent last year.

This is while bosses' salaries continue to soar. According to the report, directors of Britain's 100 British companies enjoyed an average pay rise of 55 percent in the year to October 2010.'


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