Pay deals get stuck at 3.1%


Wage growth stuttered in June, data from LRD’s Payline shows. 


The three-monthly median (midpoint) for collectively agreed deals from LRD’s pay database is 3.1% — the same as the revised figures for May and April. That growth is just behind the rise in retail price inflation for those months, but well ahead of the 2.2% or 2.3% growth in consumer price housing (CPIH) inflation.


Official earnings figures show 2.6% growth in regular pay, excluding bonuses, in both May and April. Growth in the private sector was just ahead in May, with a 2.8% rise against 2.6% the previous month.

www.lrd.org.uk/index.php?pagid=18

https://www.ons.gov.uk/economy/inflationandpriceindices

https://www.ons.gov.uk/employmentandlabourmarket/peopleinwork/earningsandworkinghours