Pay and prices
Settlements dip to 2.8%
Pay settlements have experienced a dip over the last two months.
The median (midpoint) increase on lowest rates for collective agreed deals from LRD’s Payline database was 2.8% for the three months to September — down from the revised increase for August of 2.9%.
The private sector median increases were also 2.8% against 2.9% in August, while the public sector increase was unchanged at 3.0%.
The standard increase for September — the increase received by most grades — was 2.5%.