Wage hikes trail inflation
Your support helps us to tell the story
From reproductive rights to climate change to Big Tech, The Independent is on the ground when the story is developing. Whether it's investigating the financials of Elon Musk's pro-Trump PAC or producing our latest documentary, 'The A Word', which shines a light on the American women fighting for reproductive rights, we know how important it is to parse out the facts from the messaging.
At such a critical moment in US history, we need reporters on the ground. Your donation allows us to keep sending journalists to speak to both sides of the story.
The Independent is trusted by Americans across the entire political spectrum. And unlike many other quality news outlets, we choose not to lock Americans out of our reporting and analysis with paywalls. We believe quality journalism should be available to everyone, paid for by those who can afford it.
Your support makes all the difference.Wage hikes trail inflation
Pay deals are trailing behind inflation after remaining at 3 per cent all year, a report showed today. The level of settlements had been increasing towards the end of last year but employers are now refusing to concede claims for above the rate of inflation, it was found. A fifth of the 229 deals monitored by the Industrial Relations Services in the three months to June were for 3 per cent. There have been bigger increases in some industries, including engineering and chemicals at 3.5 per cent - the current rate of inflation. "The burning question now facing the UK economy is whether we will soon see a return to the time-honoured pattern of settlements chasing inflation upwards," said the report.
Join our commenting forum
Join thought-provoking conversations, follow other Independent readers and see their replies
Comments