Sharp rise in settlements


There was an autumnal boost for pay settlements on LRD’s Payline database.


In the three months to October, the overall median for collectively agreed settlements ramped up to 3.5% from the 2.8% rise the previous month.


With retail price inflation increasing by 3.3% in October, the median increase represents a real-terms increase.


Official earnings figures for the whole economy, excluding bonuses, showed a 3.2% annual increase for September – down from 3.3% increase for August.


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

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

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