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Tuesday 09th of March 2010
March 2, 2010    

Survey shows gloomy pay prospects for workers

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by Kay Murchie

A survey by price comparison service uSwitch.com has revealed 16 million workers (or more than half the UK’s workforce) do not expect to get a pay rise this year.

The online survey of 4,235 adults also found that a further third of the UK’s workforce believed that if they did receive an increase, it would be below the rate of inflation.

The survey established that those who do expect an increase, albeit a small one, is nurses, civil servants and teachers.

Meanwhile, bankers and lawyers believe they will get higher rises.

The study also discovered one third believed they would be worse off financially this year than last year, with one tenth admitting to living beyond their means by spending more than they earn.

Commenting on the survey, Ann Robinson at uSwitch, said: “Consumers face a double threat - the government is toying with measures such as raising taxes to reduce the public deficit, which will have a direct impact on personal finances.

“When coupled with lower than anticipated salary increases, it can only mean that we are in for a bumpy ride, and the situation could get worse before it gets better,” she added.

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