The TUC has urged the next government to take action to boost pay as it warned that borrowing to top up wages was poised to breach the record levels hit just before the financial crisis of a decade ago.
Frances OGrady, the TUC general secretary, expressed alarm at the steady increase in unsecured debt which excludes mortgages and called for a higher minimum wage and an end to the tough pay curbs in the public sector.
The surge in household debt is putting the economy in the danger zone, OGrady said, in response to a TUC analysis showing that the average unsecured debt per household stood at £13,200 last year only £100 below the record reached in 2007.
On the basis of forecasts for the future course of the economy produced by the …
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