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Date: 20/08/08 
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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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06-Aug-08 11:24 [Pensions]
Pilots to strike over pensions row
Members of the GMB that are employed by the British Airline Pilots Association (Balpa) have walked out today in a 24-hour protest over pensions, it has emerged.

Over 30 union members at West Drayton, near to Heathrow, started their strike at 0600 BST after talks broke down, with Balpa citing a pension deficit of £4.6 million as the key factor in their revision of terms, which includes increasing the pension age from 60 to 65.

Speaking to the BBC, GMB organiser Dave Kent slammed Balpa in what he described as a "disgraceful case of hypocrisy" after the union fought to protect its final salary pension schemes, only to close it to new entrants and revise the benefits given to existing staff.

He said: "There is no economic justification for these changes because Balpa is one of the most successful and financially robust trade unions in the UK."

Other countries have recently seen pilot strikes, notably Germany where 500 flights were cancelled last month due to Lufthansa pilots walking out, with plans in motion for a second strike this month.



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High-street retailer Marks & Spencer (M&S) is planning to cut redundancy benefits for 60,000 staff, with the possibility of up to 25 per cent being wiped from the maximum claim, it has emerged. Find out more>
Pension credit rises will be wiped out by inflation, resulting in two million pensioners losing up to £100 this year, it has been claimed. Find out more>

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