UK pay settlements remain at 3.5% for second month

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.