The Pay Cut Just Got Bigger

In the last posting, I wrote that the pay cut was 2.2%. With the latest announcement that inflation is now 4.6%, the pay cut has gone up to 2.6%.

Pay Cut Proposed

The government has proposed a sub-inflation pay rise of 1.9% for the 2007/08 financial year. They have also proposed that this be staged over the year with 1.5% being rewarded in April 2007 and 1% being rewarded in November 2007. The current rate of inflation is 4.2% so this is in effect a 2.2% pay cut. As nearly one third of NHSBT staff were put on protection after AfC assimilation, this is a further insult on top of threatened redundancies.