Unite calls for profit restraint amid surging inflation
A leading trade union is calling for “profit restraint” rather than holding down workers’ pay after claiming that company profits were responsible for almost 60% of the rise in inflation in just six months. Unite claimed that company bosses were driving inflation, not “hard-pressed workers”. The union said its analysis of the FTSE 350 showed profit margins for the UK’s biggest listed companies were 73% higher in 2021 than pre-pandemic […]