I don't know how people can say 1% is fair- nurses deserve a pay cut? And with tax bands freezing that's a double hit on any pay rise in real and relative terms!!
Funnily enough, after covid when we all clapped, 12,5% would not even be a pay rise!! It would simply be (partially) undoing the pay cuts that nurses have had for the last 10 years.
Please be under no illusions- 1% is a PAY CUT. INFLATION IS OVER 1%.
Think about that- after a year of lockdowns, a year of furlough and a year of covid, our economy STILL expanded by 1%. That magic money tree had to work really fucking hard this year. And it's not a "one off event". Quantitative easing has been the policy of virtually every G20 government for the last 10-15 years.
So the economy grew by 1.2%
Nurses took a pay cut
Police took a pay cut
Every government sector took a pay cut
Where did the 1% inflation go? Into whose pockets? Cause it sure as shit wasn't printing money to pay workers.
And that's just last year. Other than the dip caused by the GFC, UK inflation has held steady between 1-2% for the last 80 or so years. Note that over the last 10 years then that's 1.015^10.
So inflation matching pay rises for 10 years of the governments austerity programme mean that if we gave nurses a 16% pay rise, they'd only just be in the same position they were 10 years ago. But more importantly in our 5 trillion pound economy, where has the 1% inflation from QE gone? (yes the maths is simple, that's £50 billion per year). Cause it isn't finding its way into most people's pockets. Funnily enough, 50bn split amongst the 70 odd million people in the UK would result in a straight forward cheque of £700 to every man woman and child. For a nurse working on 27.5k/year (middle of band 5), £700/year amounts to a 2.5% pay bonus.
Guess there was plenty of money for their pay rises after all.
But 1% pay rise is fair, given the year nurses have had. You might as well save the effort and just write a big billboard that said "fuck you".