Thu, 02 Aug 2018
Reacting to the Bank of England’s decision to raise interest rates by a quarter of a per cent, new Chair of the Police Federation of England and Wales, John Apter, said: "For those with savings the news will be welcome but for many hard working officers this is yet another blow.
"Coming off the back of the derisory real-term 0.85% pay award announced last month this is more bad news – hitting officers where it hurts – right in the wallet.
"On an average variable mortgage of £150,000 the rise equals an increase of almost £19 a month. Compare this to the £10 a month pay rise the Government has ‘awarded’ police officers. That is simple maths, and the harsh reality.
"It is shameful that those whose job requires them to put their lives on the line to protect the public should have to worry about being able to pay the bills and put food on the table at home.
"It is time police officers are given the recognition and remuneration they deserve."
© 2018 Police Federation of England & Wales