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Pay rises close in on inflation
Pay rises are lagging inflation by less than 1%, the closest the two measures have been since wage rises first fell behind in December 2009, according to research.
A study of recent pay deals has found median rises of two and a half per cent in the three months to July
Pay rises are lagging inflation by less than 1%, the closest the two measures have been since wage rises first fell behind in December 2009, according to research.
A study of recent deals showed median rises of 2.5% in the three months to July, up by 0.5% from the previous quarter.
Pay information firm XpertHR said the headline figure had lifted because there were few public sector deals in the quarter.
Headline pay awards are 0.7% behind July's RPI inflation figure of 3.2%, said the report.
One in six of the 83 settlements studied involved a pay freeze, while around one in eight were worth 4% or more.
Sheila Attwood of XpertHR said: "Although private sector pay settlements are holding steady at a median of 2.5%, there is little evidence of upward pressure, with two-thirds of awards in the matched sample worth the same as, or less than, the award in the previous year.
"Even outside the public sector, we are still seeing one settlement in six resulting in a pay freeze."
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18Comments
03/09/2012 20:35
09/09/2012 11:35
09/09/2012 21:12
house hold bills , car costs , school costs, food costs , energy costs all rise every year ,but my friend mohammed has just got a brand new car from the goverment to look after his so called disabled wife even though there is three wives staying there...and if i dont get a pay rise this year i will be fecking raging......enough is enough...me and my wife work ft support two children and cant even get a holiday ,sick of this country....
01/09/2012 10:48
30/09/2012 19:27
i think you all need to take another look at what is going on in this country i work for a housing and council tax benefit agency and i can tell you there is a hell of a lot more british people on our system than foreigners the immigrants coming over to this country most of the time will do the jobs that lazy yes LAZY british people on benefits will not do im sorry but beggers cant be choosers and any job is a job at the minute people need to be a little less proud in these tough times so if you people took down your white hoods and took a real look at the country you may see the real problem british youngsters brought up in a country that teaches them to have kids young and live on benefits because 'it pays to be on benefits'
14/09/2012 08:47
10/10/2012 02:15
Well....its not Public services as they havent had a pay rise for 3 years already.....so who is it then? Got to be the private sector and banks.....of course this will be brushed under the carpet and some other poor sector of the nation will get it in the neck! And.....while we are on the subject which sector in the working world is going to get a "Gold plated pension now? THE PRIVATE SECTOR OF COURSE ! with the new pension agreement with the "Stories" disgraceful here am i on my meagre pension and all these workers getting huge amounts of money when they retire...thanks to the Toffs of the UK.
17/10/2012 14:50
14/10/2012 19:30
Your having a laugh, i have not a pay award in 8 years , the cost of living has gone up big time , and i'm finding it hard to make ends meet, fukc the government all they have caused is the poor is getting poorer, and the rich are getting really richer. and fhe poor are paying for the government fukc up
26/09/2012 22:05
the scary thing is, plan a, to get us out of this is to build **** loads more houses, to home all our foreign friends with forty fooking kids for us to support, to put more strain on the hospitals roads schools,its time to stop this government walking all over us , and get serious on there immigration bull **** vote winning promises , another lie, cameron and cleggy rich boys yes men,,
23/10/2012 11:03
whats this rubbish.fat cat bankers and mps are the only people i know who have had rises in pay,they must be great rises to close the gap to inflation.i work in public sector and have not seen any rise in 4yr only increases in the amount i have had to pay out.as for my so called gold plated pension which has been raped and pillaged by the gov in now pretty much worthless.who r they trying to kid ,do they think we are stupid .tory scum as the rich get richer the poorer of us have to suffer and work till we drop.why not bring the poll tax back in just to finish the job.
11/10/2012 20:38
Too true , what a disgrace , I think again the contributors on this site have shown that they have the brains and insight to really solve most problems in the UK or maybe the world , three cheers to you all. When most people are wasting their time , the real thinkers here at MSN are getting on with the problems in hand and really making a difference , next global warming or parking tickets I hope.
02/10/2012 05:26
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