Pay and prices
Year-low for settlements
Settlements have hit their lowest level this year, latest figures from LRD’s Payline database show.
The median (midpoint) increase on the lowest pay rate for collectively agreed deals on Payline was down to 2.7% in the three months to September from 2.9% increases in both July and August.
Private sector deals did, however, maintain their level at 2.9%, while public sector deals slipped to a 2.5% increase.
If the median standard increase — what most grades or workers got — is used the increase was 2.5%.