RE: CWU GODS16 Jun 2022 09:26
"Low paid get 8% higher paid minimum 3.5%. The union said they accept rises should be skewed to low paid. They will negotiate a flat rate of , eg, £1750 or a One off bonus on top of the £1500, meaning more lower paid secure 10% and the higher paid end up with a minimum 4%."
Where did you get that information from? As I haven't seen that myself.
An extra £250, on top of the existing pay rise, comes to £20.83 a month. £5.21 a week is hardly life changing, and arguably unnoticeable, hardly worth losing wages and pension contributions over.
The CWU have been quite vociferous, and loitering outside someone's property is potentially harassment and unacceptable, what were they thinking? Put banners up outside BT commercial properties, but outside someone's house, really? Add to that, they are telling nutters where Philip Jansen's family may be staying, potentially encouraging others to harass them, or worse. I wonder how the Union would feel if Philip Jansen sent people round to the Union leaderships houses and putting up banners outside their houses.
The narrative pushed by the Government is that Energy prices will drop, and supply chain issues will ease, reducing inflation next year, so is this the time to pick a fight, at the risk of creating a persistant inflationary environment? My pension pay rise this year was just over 2% this year, the most I can expect is around 4.2% capped pay rises; I believe the BT pensions are capped around 5%, what happens to them in a high inflation wage-price spiaral? And as I pointed out previously, but quoting a metaphor I heard on CNBC, the BOE Hammer is interest rates, with the nail being inflation, can the lower paid cope with big increases in thei mortgage interest rate?
I own my house, I have investments on top of my pension, so I'll be ok. I've been around long enough to see the relationship between big pay rises and inflation; Should the unions get their way, with big pay rises, there may be unintended consequences going forward, like big hikes in interest rates.