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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

employee rewards & benefits news

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03-Jul-08 11:30 [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.

It is to be called Workers Uniting and will represent three million working people from every industrial sector in Britain, Ireland, the USA, Canada and the Caribbean.

As a result of the merger joint political campaigning will become possible, the bodies noted.

"The political and economic power of multi national companies is formidable. They are able to play one nation's workers off against another to maximise profits," stated Derek Simpson, joint general secretary of Unite.

He added that a process of addressing issues such as the rich/poor pay gap will be facilitated by the signing of the agreement.

It was announced that the merger had taken a year to complete and will be signed at the USW's Constitutional Convention in Las Vegas, Nevada.

Unite recently announced that local government workers in the UK are to take industrial action in July over a pay increase dispute.

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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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