LONDON (Reuters) - Pay deals awarded by British employers lost more of their inflationary heat, according to data published on Wednesday, a day before ...
LONDON - Pay deals awarded by British employers lost more of their inflationary heat, according to data published on Wednesday, a day before the Bank of England announces whether it isMusicians, humour and stories galore help Bruce Guthro's Celebration of Life | SaltWireLONDON - Pay deals awarded by British employers lost more of their inflationary heat, according to data published on Wednesday, a day before the Bank of England announces whether it is raising borrowing costs again to rein...
That represented a slowdown from a rise of 5.4% in the three months to July which was the first fall in 2023. "For the remainder of the year we can expect settlements and increases in pay to slowly begin to fall." After a wave of pay disputes that led to bigger than usual increases for state workers, public sector pay deals in the three months to August were the strongest since 1992 at 6.4%.
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