Pay rises fall below inflation rate

Pay rises are still not keeping up with the rate of inflation, with basic rises around 2.5% in recent months, according to a new study.

But the number of wage freezes has fallen to around one in 12 settlements, while increases in private firms are set to be around 2.75%, compared to the current RPI inflation rate of 3.3%, said Incomes Data Services (IDS).
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