Correct me if Im wrong here, but is it not true that the 2.1(?) % in "pay raise" could effectively be over 42 (!!!!!) months for some people??? Lets say you had £ xxxx in april-ish 2003. You sat on that pay until the "pay talks" that were in spring (?) 2004. Then it was decided that a pay freeze would be imposed for 18 months...Correct so far?? Now the company is offering 2.1 % over the next year...Right? This gives you 2.1 % over 42 months....Yea? So, regardless of your base, how much was inflation for the past 30 months?? What will it be over the coming 12?? What happened to costs of living in the past 30 months?? (London!!!)What will be the case in 12 months??
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