Dividends outstrip wages

A new study by the European Trade Union Confederation (ETUC) has found that while, on average, pay has risen by 6% across Europe so far this year, dividends paid to shareholders have risen by 10% in the same period.

Esther Lynch, the ETUC’s general secretary, said that “it could not be clearer from these figures that it is corporations that are responsible for driving up inflation and workers who are suffering the consequences”.