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UNI General Secretary Philip Jennings has told the Financial Times that higher wages are key to global growth.

Responding to news that Germany's Bundesbank has backed unions to bargain for higher wages, Jennings called on other European Central Banks to follow suit.

In a letter to the financial broadsheet, the UNI chief wrote:

"The Bundesbank has joined a growing list of the great and the good calling for a pay rise for workers. All of these institutions and leaders, from the Pope to President Obama to the CBI and now the Bundesbank recoginse that if employees' pockets are empty they are not in a position to spend to pick up the economy. It is time for the Federal Reserve, the Bank of England and the European Central Bank to heed this message.

Thr world needs a pay rise if wee want to see our way out of the shadow of the crisis and into the light of global growth. After all, the CEOs can take care of themselves, with their pay rises topping 15 per cent."