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Date: 30/08/08 
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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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28-Apr-08 11:30 [Americas]
State pensions increase in Cuba
Cuban president Raul Castro has announced that the state pension paid to retirees is to be raised as are the wages of court employees.

The raise will see pensioners receive an increase of around £1 per month, raising their monthly pension to around £4.70, according to the BBC.

As well as pension increases, the government also announced that court workers would be given a raise, while workers in other sectors would have to wait their turn, it said in a state address.

"It is not possible right now to increase salaries of all sectors, because the country does not have the resources necessary. Increases will be granted by sector and priority, always after a rigorous evaluation of the economic and financial conditions," the statement said.

Social security benefits, the government said, will be in line with the island's average monthly wage.

There are approximately 2.16 million retirees in Cuba receiving the state pension.

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It was reported today that the American government has ordered bankrupt car part manufacturer, Delphi Corp, to pay $1.5 billion (£808 million) to its former parent company by the end of September. Find out more>
Coca Cola has agreed a multi-million dollar settlement for a class action law suit led by two pension funds. Find out more>
03-Jul-08 [Americas]
UK and US unions sign merger
The UK's biggest workers union Unite and the United Steelworkers of America (USW) have signed an agreement to form the first global union. Find out more>

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