Latest Inflation Figures Expose Pay Offer as Pay Cut
Submitted by Admin on 27 June, 2009 - 07:24
The latest figures from the Office of National Statistics (attached) prove once again that LUL/TfL's pay offers lag well behind rising prices - in other words will cut your pay in real terms.
In the year to May, the Consumer Price Index (CPI) rose by 2.2%. The Retail Price index - acknowledged as seriously underestimating real inflation - stood at -1.1%. RPIX (RPI, excluding mortgage interest payments) was +1.6%.
Here are some price rises for particular areas of your spending:


On Wednesday 17 June, RMT protested outside Mayor's Question Time against Tube cleaners' poverty pay. Protesters demanded that Mayor Boris Johnson keep his promise that everyone working for the GLA or in its areas of responsibility would receive the London Living Wage, recently uprated to £7.60 an hour.