A grassroots response to the pay offer is here
Headline figures put out by Royal Mail about "crazy" union demands for 27% pay-rise should be ignored . The 27% rise is to be implement over 5 years - a much more modest 5.4% rise a year and i have no doubt that the union would have negotiated some sort of productivity deal and costs savings agreement to off - set it all , per usual .
Inflation figures released states it currently stands at 4.8% . A 0.6% gain in our spending power a year . Woweee!!
Interest rates which effects our mortgages rose to 5.5% and is expected shortly to rise to 5.75% according to those in the know . Some analysts believe rates could reach 6% by the end of the year. (Each quarter of a percentage point rise raises the cost of a £100,000 repayment mortgage by between £15 and £20.)
Now to Agitate , Educate and Organise .