UK private-sector employers expect to raise staff pay only 2.5% over the next year

Reuters report on figures via the Chartered Institute of Personnel and Development (CIPD)

• private-sector employers expect to raise staff pay by an average of 2.5% over the next 12
• falling well short of the likely rate of inflation (BoE Q2 2022 CPI forecast is 5%)

The slow rate of pay rises is not likely to fuel the inflation rate perhaps as much as was expected.

More at the Reuters link here.

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November 15, 2021 at 12:14PM
Eamonn Sheridan
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