United Kingdom -New Economics Foundation calculates regional pay will cost £10bn and 110,000 jobs -July 16, 2012

In a report commissioned by the Trade Union Confederation, the New Economics Foundation concludes that the government’s plan to instate regional pay will cost the economy £10bn and an expected 110,000 job losses. The Cameron government has argued regional pay in the public sector will help poorer regions compete and result in more job opportunities. The NEF report concludes that, whereas London and the South East have higher living costs, there are no significant differences between other regions and lower wages would merely hurt purchasing power.

English: http://www.unison.org.uk/news/news_view.asp?did=7969


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