Average UK pay rises remain at 3%

15-04-2004

Average pay rises in the UK have remained at 3% in recent months, with little sign of them increasing further, a new report suggests.

A review of 90 agreements in the three months to February showed average rises of 3%, but 3.5% in the public sector.

Sheila Attwood, of The Industrial Relations Services (IRS), which produced the report, said there would be little change in coming months.

But she said public sector settlements would move towards the 3% level.

UK pay

"Judging by the review bodies' recommendations and the Government's desire to keep pay rises within manageable budgetary bounds, 3% will also become the benchmark for many public sector pay deals this spring," she said.

"This is significantly down on the 3.5% median seen over the past year and will further add to the influences keeping the "whole-economy" median at 3%."

BBC News

Bookmark with:
Bookmark with: Digg Digg Bookmark with: Del.icio.us Delicious Bookmark with: Reddit Reddit Bookmark with: StumbleUpon StumbleUpon Bookmark with: Google Google Bookmark with: Technorati Technorati Bookmark with: Netvouz Netvouz

Latest News:

Search News
News Front Page
Accountancy / Tax
Advertising / PR
Armed Forces
Automotive
Aviation / Aerospace
Banking / Finance
Charities / Voluntary
Childcare / Youth
Construction / Property
Customer Services
Education / Training / Teaching
Emergency Services
Engineering / Electronics
Entertainment / TV / Theatre
Graduate Roles
Health / Beauty
Hotel / Catering / Restaurants
HR / Recruitment
Insurance / Pensions
International / Overseas
IT / Internet
Legal
Management / Business
Manufacturing / Industry
Media / New Media / Creative
Medical / Healthcare
Pharmaceutical Industry
Public Sector
Retail / Wholesale
Sales / Purchasing / Marketing
Science / Technology
Secretarial / PA / Admin
Skilled / Semi-skilled Manual
Telecommunications
Transport / Logistics
Travel / Tourism / Leisure