Settlements up to 2.7%

Pay rises sourced from the Labour Research Department’s Payline database of collective agreements were averaging (median) 2.7% in June — up from 2.5% for May.

While the increase is welcome, with inflation as measured by the Retail Prices Index rising by 3.3%, workers’ living standards continue to be hit.

Increase in the private sector averaged 2.8%, but only 2.0% in the public sector. In manufacturing, increases averaged 2.9%, but in services only 2.5%. The average for the year to June was 2.5% by agreements, but just 1.5% when weighted by workers covered, showing the effects of the public sector pay policies.

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