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Date: 13/10/08 
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Inflation

Retail Prices Index

June 4.6%
May 4.3%
April 4.2%

Source:
Office of National Statistics

Pay Deals

Average pay settlements to May 2008 (exc. bonuses)

Private Sector 3.8%
Public Sector 4.0%


Source:
Office of National Statistics

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04-Jun-08 14:15 [Asia Pacific]
Australian nurses threaten strike action
The general secretary for the Australia’s New South Wales Nurses Association (NSWNA), in Australia has warned that nurses and midwives are angry that the government has not responded to calls for better pay and conditions.

According to newspaper the Australian, nurses are demanding a five per cent pay increase for all public hospital and community health nurses and midwives.

Other demands include a 3.8 per cent increase in pay for all permanent nurses and midwives, a figure that is above a proposed new Level 2 classification for experienced staff.

NSWNA general secretary Brett Holmes said: "Nurses and midwives have already been waiting for nearly four months for a response from NSW Health and the state government to their log of claims."

Industrial action is being considered if a response is not forthcoming, however a spokeswoman for NSW's health minister said a formal offer was due on June 4th.

In Queensland ABC News reported that the Teachers Union has stated that a lack of funding could lead to industrial action in northern parts of the state.

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The Association of British Insurers (ABI) has told of its agreement with the decision of the government to not introduce a higher contribution cap in the first year of personal accounts. Find out more>
An independent pensions adviser has stated that the pension crisis has deteriorated in recent times, with private schemes being hit. Find out more>
The Pension Protection Fund (PPF) has announced that it rescued a further four pension schemes during the month of September. Find out more>

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