Wage rises ‘below inflation’

Pay deals are running at 3.2%, more than 1% below retail price inflation, the figure used by union wage negotiators, according to a new report.

Deals in private firms were slightly higher at 3.5%, according to an analysis of 300 settlements in the last three months by Industrial Relations Services (IRS).

Increases ranged mainly from 2% to 4%, with more than two thirds of awards higher than a year ago.

Channel 4 – News – Wage rises ‘below inflation’


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