Worth a read on 21/02/2017

UK WAGE GROWTH BEATS INFLATION


BBC News reported that ONS statistics showed a 2.6% average increase in wages from October to December 2016. For comparison, the ONS' Consumer Price Index marked annual inflation at 1.8%.

Poaching Parliament thinks this is fantastic for hard-working families feeling the impact at the supermarket over the falling pound. 

You can also view Poaching Parliament's coverage of the ONS' February labour market statistics here


VEGANS TOLD TO STOP WHINING ABOUT £5 NOTE


The Bank of England have announced it will be keeping the new £5 note featuring Sir Winston Churchill in circulation, despite concerns the note contains traces of animal fat, BBC News reported.

The Bank will also be issuing the new polymer £10 note in September this year as planned.

Vegans and religious groups voiced concerns about the aforementioned £5 note containing a small amount of tallow, which is derived from meat products.

Despite a petition requesting to ban the note reaching over 100,000 signatures, the Bank stated it had spent £46 million printing it and £24 million so far on printing 275 million of the new polymer £10 note. Poaching Parliament definitely agrees that it would not be worth incurring these costs again, especially considering we're living in times of austerity, (and an additional £50,000 fee for secure destruction) just to please a small minority of the population. They can either a) not use the note and ask for alternate change or b) use gloves.

Also, because the petition was done via Change and not the official government website it's virtually meaningless anyway. Poaching Parliament recommends using the official government channel to anyone looking to petition the government, as they usually respond at 10,000 signatures and consider it for debate at 100,000 signatures which is great for raising awareness about an issue.





FURTHER RMT STRIKE DATE ON SOUTHERN RAIL ANNOUNCED


Members of the RMT union have pencilled in a 24-hour strike on 22 February relating to the long-term dispute over the role of guards on trains, BBC News reported.

Southern claims it's going to try and circumvent the strike by running as many trains as possible.

More misery for Southern commuters...

UNION WORKERS AGREE ON NEW TATA STEEL PENSION PLAN



Thousands of Tata Steel workers overwhelmingly backed the deal, BBC News reported.

They accepted a move from a final salary pension to a less generous scheme.

Tata's offer also includes a £1 billion investment commitment to Port Talbot and no compulsory job losses.

Credit BBC News.

Under these changes, the British Steel Pension Scheme will close to future accrual, and will be limited to maximum contributions of 10% from Tata and 6% from workers.

It is also hoped that this vote will end a year of uncertainty for Tata Steel workers when the company was put up for sale in March 2016. A one-off pension contribution of up to £10,000 could also be made to Tata workers in their 50s who plan to retire early.


UK GENERAL ELECTION RUSSIAN HACKING SCARE


Political parties in the UK have asked for help from security agencies following a cyber-attack during the 2015 general election.

Kim Sengupta reported for The Independent that the blame is being passed on to Russia, like they were claimed to be responsible for the hacking of the Democratic party's emails in the 2016 US presidential election.

Head of the UK National Cyber Security Centre (NCSC) Ciaran Martin revealed to Sengupta on behalf of The Independent that informal talks on how to protect sensitive online information were taking place between the NCSC and political parties to put a programme in place in the near future.

The Kremlin has also been accused of interfering with the ongoing French presidential election, launching a smear campaign against Emmanuel Macron, though the Russian government deny these allegations.