Prime Minister to speak at British Chambers of Commerce
10 Feb 2015
David Cameron is expected to call employers to distribute the benefits of economic growth, when he addresses the British Chambers of Commerce (BCC) today.
His speech will reportedly request ‘a pay rise’ for workers in the UK, saying: ‘Economic success can’t just be shown in the GDP figures or on the balance sheets of British businesses…but in people’s pay packets and banks accounts and lifestyles.
‘The most recent figures show that wages are already growing faster than inflation and as the economy continues to grow it’s important this continues and that everyone benefits’.
However, the Trades Union Congress (TUC) has countered Mr Cameron’s sentiments. General Secretary Frances O’Grady said: ‘The average wages is worth £2,500 less a year, the worst fall in living standards since Queen Victoria was on the throne’.
Shadow Chancellor Ed Balls will also comment today, and is expected to say: ‘This is set to be the first time since the 1920s when working people are worse off at the end of the Parliament than they were at the beginning.
‘So at a time when, even as our economy recovers, most people are not yet seeing the benefit in their wages and living standards, this is no time for complacency’.