United Kingdom - Wage settlements fail to match price increases - March 3, 2011

Pay settlement levels continued to rise in January 2011, almost entirely due to private sector deals, according to data from the Labour Research Department (LRD). Yet, with a three-monthly median (mid-point) for the November to January period at 3%, pay increases still did not match price inflation. This was 4.0% as measured by the Consumer Prices Index (CPI). Other pay analysts even came to lower pay increase estimates. Industrial Relations Services (IRS) concludes to a three-month median increase to end January 2011 of 2.0%, Incomes Data Services (IDS) to a three-month median to end December of 2.2%. According to LRD, recent deals ar the 3% level include those for media workers at ITV, for administrative and headquarter staff at train operator Southern and at the Lincolnshire-based steel services provider Tube City IMS.

English: Labour Research Department, Workplace Report, No. 33, February 2011

 

This article was published in the Collective Bargaining Newsletter. It aims to facilitate information exchange between trade unions and to support the work of ETUC's collective bargaining committee. For more information, please contact the editor Maarten van Klaveren, Amsterdam Institute for Advanced Labour Studies (AIAS) M.vanKlaveren@uva.nl. You may find further information on the ETUI at www.etui.org, and on the AIAS at www.uva-aias.net. © ETUI aisbl, Brussels 2011.


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