January rise of 2.8% for deals


There was a boost to pay settlements in the New Year.


In January, the median pay increase in collectively agreed settlements from LRD’S Payline database was 2.8% — up from the 2.6% median for December. With RPI inflation only rising by 2.2%, the settlement increase was in real-terms.


The public sector matched the overall increase, but the private sector only saw an increase of 2.7%.


Official figures for average weekly earnings in December for the regular pay (excluding bonuses) in the whole economy showed a 3.2% increase for the fourth consecutive month.


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

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