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This autumn the TUC is to organise a mass demonstration in London under the banner of Britain Needs a Pay Rise. It will take place on Saturday 18 October 2014, and will begin with a march through central London, culminating in a rally in Hyde Park.

This will be the fourth march that the TUC has organised since the coalition came to power. The first – the March for the Alternative – in March 2011 saw 500,000 people attending a huge march and rally in London.

With people facing the biggest squeeze on their incomes since Victorian times, and official figures out last month showing that wages have fallen in real terms every year since 2010, the TUC believes that as growth returns to the UK economy, everyone should get to share in the recovery.

TUC General Secretary Frances O’Grady said: “Hard-pressed families across the UK must be beginning to wonder when the tough times they are experiencing will ever end. They keep hearing that the economy is growing and learning of yet another bonus extravaganza in the city, yet their own wages never seem to go far enough.

“Worries about money are a big deal for ordinary people. While their household budgets can just about stretch to cover everyday essentials, they are likely to have to load up their credit cards to meet the cost of any unexpected items.

“During the dark days of recession, workers accepted that their pay might have to be frozen or even cut to save jobs, but now the economy is picking up – and many employers can afford to pay their staff more – the time has come for Britain to get a pay rise.”