Equity’s annual subscription rate will increase to a minimum of £120, after representatives voted in favour of 3.45% hike to rates.
The percentage increase, which comes into effect from January 2014, was passed by a two thirds majority at the Equity ARC. Under the plans, there will still be a £5 discount for paying by direct debit, while the union’s entrance fee will increase from £28.
The increase was put forward by the union’s ruling council. Equity honorary treasurer Bryn Evans told the ARC that the increase was necessary to keep place with inflation.
He said: “The prospects for this year do not look good and most commentators expect inflation to increase in the second half of 2013 and ,when inflation increases, so do Equity’s costs.”