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3rd August 2022, 20:35

​Unite describes economic situation as 'biggest wage squeeze in decades'

Unite the Union has described the current economic situation as a 'cost of living crisis'.

The Union is distributing leaflets suggesting this is 'the biggest wage squeeze in decades", and predicts that by October, the cost of living could potentially rise by nine percent.

Unite says the rises in utilities, taxes and services are unaffordable for working class people, and believes the purchasing power of workers are limited by this year's budget.

It says the rising cost of food is seriously impacting the community's standard of living, and workers should not be paying for the economic crisis.

Unite says workers kept Gibraltar going during Covid and says they are now being asked to pay for the crisis. The newsletter says Covid and Brexit cannot be the sole contributors to the economic hardship, since warnings were given by the Minister for Economic Development as early as 2018.