UK pay settlements remain at 3.5% for second month

Created at 8 Jun · 7:26 AM2 sources↑ Market-relevant

IN SHORT

Pay settlements in the UK held steady at 3.5% in the three months to April, according to an Incomes Data Research survey. The Bank of England is closely watching pay growth to assess inflation pressures, as the share of companies offering increases of 4% or more rose to 33% in April.

Key Numbers

3.5%UK pay settlement rate

33%Firms offering pay rises of 4% or more

Who's Involved

Incomes Data Research

conducted the survey on pay settlements

Bank of England

monitoring pay growth for inflation assessment

↳ Why This Matters

Persistent pay growth above certain levels could influence the Bank of England's decisions on interest rates, impacting inflation outlook and borrowing costs.

Key facts

UK pay settlements remained at 3.5% in the three months to April.
The proportion of firms offering pay rises of 4% or more increased to 33% in April.
The Bank of England is monitoring pay growth to gauge inflation pressures.

Pay settlements awarded by British employers held steady at 3.5% in the three months to April, according to an Incomes Data Research survey. The Bank of England is monitoring pay growth as it gauges inflation pressures. The proportion of firms offering pay rises of 4% or more rose to 33% in April.

FREQUENTLY ASKED

The average pay settlement in the UK remained at 3.5% in the three months to April, according to an Incomes Data Research survey.

The Bank of England monitors pay growth as a key indicator for assessing inflation pressures in the economy.

In April, 33% of firms offered pay rises of 4% or more.

UK pay settlements remain at 3.5% for second month

PiQ Daily

Key facts

UK pay settlements remain at 3.5% for second month

PiQ Daily

Key facts

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