Settlements show a dip


The start of the 2017-18 pay round has seen some slippage in pay settlements.


The latest median from LRD’s Payline database of collective agreements was 2.0% in the three months to September — down from the 2.2% rise in August. The median rise for the first two months of the new pay round was also 2.0%.


Official data show workers’ living standards being eroded by inflation. In August, RPI annual inflation rate was 3.9% while annual growth in average earnings for the whole economy was 2.2% — a 1.7 percentage points gap.

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

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

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