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Wednesday 21 October

  • Europe·Research

    UK pay awards rise to 3.1% but remain subdued, data shows

    Analysis by Brightmine of 42 pay settlements covering more than 650,000 UK employees shows the median basic pay award rose to 3.1% in the three months to September, up from 3% in the prior two quarters. Seven in 10 settlements matched (36.8%) or fell below (34.2%) last year's award, while just 28.9% were higher. UK CPI rose to 3.5% in September from 3.1% in August.