Inflation Figures for March - more evidence that LUL is cutting your pay
Submitted by Janine on 28 April, 2009 - 10:37
The inflation figures for March can be found here.
Management will undoubtedly point out the fact that RPI is now -0.4% and suggest that this means that prices are falling. However, CPI - which much more accurately reflects our real cost of living - is at +2.9%. So demands on our income are still rising significantly, but LUL still offers us just 1%, and that is tied to a five-year deal with RPI only for the next four years. The latest statistics do not justify LUL's offer: they simply confirm that it is a year-on-year real-terms pay cut.


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