Level 35 PAS in 2010 = £77,625. (
https://assets.publishing.service.go...28601/7799.pdf)
Level 35 PAS in 2018 = £83,582 (
https://assets.publishing.service.go...Accessible.pdf)
Simple maths (which I always struggle with) makes that a 10.8% increase over 8 years (rounded up)
According to the Bank of England, the £100 spending power in 2010 would require £125 in 2018. (
https://www.bankofengland.co.uk/mone...ion-calculator)
My simple maths makes that a 25% increase in cost of living over the same period that a top rate PAS chap made an 11% wage increase.
Granted, there aren't many people who have been on level 35 for the past 9 years, but all those who have aspired to get to the top level are chasing a reduced value goal. To my mind that does mean that as a cadre we are all being paid less vs the cost of living than was the case in 2010 and It does sound a bit like we haven't actually had a pay rise to me.
A 25% increased level 35 PAS over the 2010 figures would be £97,031 and change.
Edited to add: My typing is too slow and LJ's 10-15% figure backs up my point (albeit it's the 15% end of the spectrum rather than the 10%)
I get it - there has been austerity, there's no money, we still have a pension, there's job security and free gym membership. But please let's not deceive ourselves that, as a cadre, our disposable income or buying power is actually going up.