British employers expect to raise wages for their staff by the most in at least 11 years but the 5 percent pay deals for workers would still fall well below expected inflation, a survey published on Monday showed. | Reuters
“Skills and labor remain scarce in the face of a labor market which continues to be surprisingly buoyant given the economic backdrop of rising inflation and the associated cost-of-living crisis,” Jon Boys, senior labour market economist at the CIPD, said.
The results highlighted the squeeze on living standards as key workers including nurses, teachers and public transport staff stage a series of strikes over pay and work conditions.
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