IBEC opposes inflation-related deal
Summary
IBEC Chief Executive Danny McCoy and FORSA General Secretary Kevin Callinan debate the proposal to index-link public sector pay to inflation. McCoy warns that such a formula risks driving up business costs and fueling further inflation, while Callinan argues that public servants' real wages have fallen behind prices since 2021. The discussion highlights a breakdown in negotiations, with unions demanding that pay be addressed upfront rather than as an afterthought.
Topics discussed
IBEC CEO opposes linking public pay to inflation
Danny McCoy explains risks of wage indexation
Private sector pay trends and productivity debate
Unions' rationale for seeking inflation-linked pay
Kevin Callinan: Public sector pay lagging inflation
Disagreement over prioritizing pay in negotiations
IBEC concedes pay should not be last, rejects formula
Threat of industrial action and strike action
Historical context and government claims on pay
Productivity in public sector and closing remarks
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