March pay flat as prices rise

Pay settlements remained fairly consistent in March, suggesting that the coronavirus crisis is yet to have a major impact on bargaining.

In March, the median pay increase in collectively agreed settlements from LRD’S Payline database remained at 2.5% — down from the revised lower figure of 2.6% for January. The private sector matched the overall increase, but the public sector increase was 0.3 percentage points greater.

Official figures for average weekly earnings in January for the regular pay (excluding bonuses) in the whole economy showed 2.7%, a continuation of a downward trend this year. However the public sector saw a 3.5% increase.

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

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