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Monday 6 June 2011

Govt 'should encourage pay, benefit and pension rises'

The UK government needs to encourage UK business to increase pay, benefits and pensions in a bid to stimulate the economy, it has been claimed.

Mark Serwotka, general secretary of the Public and Commercial Services Union (PCS), said that such an approach would help to boost living standards and generate economic interest from overseas, as well as providing tangible benefits to workers, including those in sales jobs.

He explained that the PCS, which organises widely in the private sector, has estimated that the gap in public and private sector pay will continue to expand and will affect workers in both groups if action is not taken by the coalition.

His comments follow the publication of the latest report by Income Data Services, which showed that the median pay award for the private sector in the three months to the end of April is three per cent, while in the public sector it is zero.

In order to increase pay levels in both sectors, the Mr Serwotka suggested: "The government should be encouraging pay, benefit and pension rises to stimulate demand in the economy. This could be funded by clamping down on hundreds of billions of pounds of tax that is evaded, avoided, or uncollected every year."

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Posted by John Oak and Wayne BlyADNFCR-1617-ID-800569291-ADNFCR

Source: The Sales Director News

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