Pay lobbyists urged to reflect reality

The Public Sector Pay Commission has been warned not to “make matters worse” by ignoring external economic factors in its upcoming salary agreement deliberations.

Next month, the commission is due to begin talks on a successor to the Lansdowne Road Agreement.

Any new agreement must only commit to pay rises in line with movement in the private sector, and should be conditional on the performance of the economy and tax revenues, and guard against economic risks posed by Brexit, corporate tax reform, and other uncertainties, Davy Stockbrokers have warned.