United Kingdom -Average wages increase at fast pace -September 16, 2015

Workers are finally receiving a long-awaited pay rise, with average wages increasing at the fastest pace for more than six years. Official figures show that average pay across the economy increased by 2.9%, when comparing May to July with the same period in 2014. The Office for National Statistics said that was the fastest wage growth since the three months to January 2009. With inflation running at 0.1% in July – it has since fallen to zero – analysts say the resulting rise in real living standards should help to underpin consumer demand. At the same time it is noted that the unemployment rate remains unchanged at 5.5%.

English: http://www.theguardian.com/money/2015/sep/16/uk-wages-rising …

http://www.ons.gov.uk/ons/rel/lms/labour-market-statistics/september-2015 …  

For more information, please contact the editor Jan Cremers, Amsterdam Institute for Advanced Labour Studies (AIAS) cbn-aias@uva.nl or the communications officer at the ETUI, Mariya Nikolova mnikolova@etui.org. For previous issues of the Collective bargaining newsletter please visit http://www.etui.org/E-Newsletters/Collective-bargaining-newsletter. You may find further information on the ETUI at www.etui.org, and on the AIAS at www.uva-aias.net.


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