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Date: 21/11/08 
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Inflation

Retail Prices Index

September 5.0%
August 4.8%
July 5.0%

Source:
Office of National Statistics

Pay Deals

Average pay settlements to August 2008 (exc. bonuses)

Private Sector 3.6%
Public Sector 3.6%


Source:
Office of National Statistics

employee rewards & benefits news

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29-Aug-08 11:15 [Pay and Reward]
London buses halted by 24-hour strike
Around 2,500 members of the Unite union have gone on strike over pay in London, causing 80 of the city's bus routes to grind to a halt for the next 24 hours.

The employees are aiming to secure a standard rate of pay totalling £30,000 after rejecting a proposed pay rise of four per cent made by employers First.

Speaking on behalf of the striking workers, Unite regional industrial organiser George Dodo-Williams noted that a further 48-hour strike was planned to commence on September 12th, with employees of other bus companies considering joining the movement.

He continued: "Negotiations have broken down and strike action will go ahead.

"First group are making huge profits while their workers are struggling to keep up with the rising cost of living in one of the world's most expensive cities."

Last week, a proposed strike in London's main transport network, the London Underground, was called off after Tubelines struck a deal with the Rail Maritime and Transport union.

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Low and middle-income earners must be the target of a range of tax cuts if the government wants to stimulate the economy in the pre-Budget report, a major industry organisation has said. Find out more>
Three in every four businesses in the UK are paying their employees more than they are required to for maternity pay, it has emerged. Find out more>
The largest union in the country has announced that it will organise industrial action if the government does not revise its three-year NHS pay deal. Find out more>

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