City workers get double-digit wage rises while lowest-paid see 1% increase

Report finds ‘tale of two labour markets’ as workers in London’s financial district enjoy inflation-busting increases

City workers received double-digit wage rises while people on the lowest incomes were paid annual increases of just 1% in the last year, according to a study that illustrates the ability of better-paid workers to protect themselves from the cost of living crisis.

The CEBR (Centre for Economics and Business Research) said workers in the banking and insurance sector had secured inflation-busting increases together with lawyers, accountants and professional services staff, mainly among those working in London’s financial district.

Continue reading…

Next Post

Revealed: Met police strip-searched 650 children in two-year period

Mon Aug 8 , 2022
Appropriate adults were often absent during the search, and the majority of children were innocent The children’s commissioner for England has denounced the Metropolitan police’s record on child protection after new data revealed that 650 children were strip-searched over a two-year period and the majority were found to be innocent […]

You May Like