US EditionUK pay awards lowest in three years, IDR survey shows
5 Articles
5 Articles
UK pay awards lowest in three years, IDR survey shows
Pay awards granted by British employers cooled during the three months to February, according to a survey that chimed with an official gauge of slowing wage growth that should keep the Bank of England on track to reduce borrowing costs later this year.
Wage growth falls for low-paid workers despite minimum wage hike
Wage increases among low-paid workers are at their lowest level in three years, according to the jobs website Indeed, as economists fear high inflation will erode incomes. Business secretary Jonathan Reynolds said on Tuesday that an increase to the national minimum wage would mean that low-paid workers could help drive growth across the UK. But new research by Indeed indicates that wage growth levels for those on lower incomes are now on the d…
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