Britain Faces a Summer of Strikes as Historic Inflation and Falling Real Wages Bite

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Britain Faces a Summer of Strikes as Historic Inflation and Falling Real Wages Bite
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Amid political upheaval, an economic crisis and the potential for mass industrial action, Britain faces a problematic, and possibly pivotal, summer.

"The demands of the job are increasing but our resources have been under attack by government cuts for over a decade - 11,500 firefighter jobs have been slashed since 2010," FBU General Secretary Matt Wrack added.

"Against such a backdrop it's no wonder businesses are willing to cough up more to get new staff and keep existing employees on the books." Royal Mail's U.K. business, the country's former state postal monopoly privatized in 2015 after nearly 500 years of government ownership, could be separated from the holding company after losing £92 million in the first quarter. Revenues fell 11.5% as inflation squeezed consumers into reducing online shopping, while parcel volumes were down 15%.

"When shareholders are being given millions of pounds off the back of what those workers have done over the past year or so, and also the leaders of the company and members of the board are giving themselves huge wages, they're giving themselves huge bonuses, but there's just 2% imposed on postal workers, and it's unacceptable."

"The number of payrolled employees and job vacancies continue to grow and remain historically high, particularly in face-to-face industries including healthcare and hospitality. However, overall vacancy growth has begun to slow," she said.

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