Settlements stuck at 2.5% for six months

The latest figures from the LRD Payline database of collective agreements show that increases in the three months to August had a median (midpoint) of 2.5% across all agreements, unchanged back to March.

The level of increases varied by sector with the private sector averaging 2.5%, but the public sector just 1.0%. In manufacturing, increases averaged 2.8%, while for services the average was 2.2%. The average for the year to August was 2.5% by agreements, but just 1.4% when weighted by workers covered; showing the effects of the government squeeze on public sector pay.

Deals tracked by Payline that were above the midpoint included 3.1% at GKN Aerospace (Luton) and 2.6% at Magnox Electric in a 15-month deal.

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