Great Britain/an upturn in real salaries. Latest data from the Office of National Statistics (ONS) published on 17 April confirm what several experts previously stated in March (c.f. article No. 10614) that UK real salary levels are rising. For the three months of December, January and February remuneration increased 2.8%, which is above the 2.7% inflation rate for February 2018. The rise may well go further as on 18 April the ONS surprised markets releasing its slowest inflation rate in a year of 2.5% for March. Even if the slowdown appears to be linked to Brexit worries, trade unions are no less concerned over salary levels, with Frances O’Grady TUC general secretary stating, “But wage growth is still weak. Workers are £14 a week worse off than they were in 2007 – with pay packets not expected to return to their pre-crisis level until 2025.”
News update as of April 19, 2018
On the menu: an upturn in real salaries in the UK, principal social measures in Belgium’s law to bolster economic growth and social cohesion, employees in Portugal now have the right to oppose the transfer of their employment contract, installation technicians in Spain are accusing telecommunications companies of flaunting signed agreements that aim to make what is a precarious sector more certain, and also in Spain unions mobilize to protest stalled negotiations in the textile and clothing sector, and in Australia a law against modern slavery is in the pipeline.
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