RPI is at its lowest since records began in 1948
BBC NEWS | Business | UK inflation dips to 1.8% in June
However at the moment thats a whole 1.2% better than the -2.8% that our incremental pay rise stops at.
I'm glad working together etc has meant that the Union pushed the 2 year deal onto us, without having any caveat in the negotiations saying that if RPI was less negative than -2.8% we would renegotiate.
Once again management have pulled the wool over eyes of the Union leaders (unless of course people believe that they are actually in cahoots). Most people would have bet that RPI was not going to be as bad as was made out by NATS... in fact it is on record that this was mentioned on these very fora.
Roll on the management pay rises in September, with a backdrop of record profits and low RPI...