Tuesday, May 22, 2007

Where to post that envelope?

If I’ve got this right yesterday’s local government pay negotiations didn’t produce an improved offer from the employers – whose last response to a Retail Price Index increasing at 4.8% was to offer 2% salary increases (that’s what economists call a 2.8% cut in “real terms”!)

Apparently they did say they could have some flexibility within an overall 2.5% envelope. I hope our negotiators told them where they could post their 2.5% envelope…

More here as I hear more.

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