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Green shoots confined to stock market and top bosses' pay, says TUC

Commenting on the latest labour market statistics yesterday (Wednesday), TUC General Secretary Frances O'Grady said:

'Today's figures show that economic green shoots are confined to the stock market and top bosses' pay.

'The record number of people in employment is beside the point. The likelihood of being in work is what matters most to people - and those chances have fallen in the last three months.

'Decent pay rises seem confined to top bosses, whose pay is now rising ten times faster than ordinary workers.

'We need far stronger economic growth to boost our jobs market and for top bosses to stop hogging limited business gains for themselves.'

Earlier this week the TUC launched its new pay campaign - Britain Needs A Pay Rise - with new research showing that the UK's total annual pay packet had shrunk by £52bn last year, compared to before the recession, as a result of reduced hours, real wage cuts and changes in the type of jobs people are doing.

NOTES TO EDITORS:

- More information about the TUC pay campaign is available at www.britainneedsapayrise.org

- The TUC's campaign plan can be downloaded from www.tuc.org.uk/campaignplan

- All TUC press releases can be found at www.tuc.org.uk

- Follow the TUC on Twitter: @tucnews

Contacts:

Media enquiries:

Liz Chinchen T: 020 7467 1248 M: 07778 158175 E:
media@tuc.org.uk
Rob Holdsworth T: 020 7467 1372 M: 07717 531150 E: rholdsworth@tuc.org.uk
Alex Rossiter T: 020 7467 1337 M: 07887 572130 E: arossiter@tuc.org.uk


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