The richest 1 per cent of the UK population take home more money every year than the total pay bill for the NHS, schools and local government put together. The majority of public service workers earn less than £22,000 a year, and 20 per cent of them – more than 1.5million in total – earn less than £7 an hour. Since 1997 public sector pay has risen less than private sector pay, and for the past few years public sector pay deals have been below inflation.
A report from the Office for National Statistics confirmed that the main reason public sector pay appeared to rise faster than private sector pay last year is that salaries paid by bailed-out banks that are now classed as public sector and included in the figures!
Tuesday, June 28, 2011
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