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25-Apr-08 11:15 [Pay and Reward]
Pay rises 'to fall in future' Pay rises in the UK could be set to fall in the future, according to a new report from IRS.
Research has revealed that although rises in pay have remained at 3.5 per cent in recent months they could be heading for a decrease.
Sheila Attwood, of IRS, said: "Our sample of April pay awards clearly shows that pay awards are receding at a faster rate than headline inflation. More pay awards are worth less than a year ago, and Gordon Brown seems to be succeeding in keeping a lid on public sector awards."
She added that the fact remains that pay wards are "some way below RPI inflation" and not providing for a "real increase in pay for many employees".
Less than one in three pay rises were higher than the previous year and increases in the private sector were one per cent higher than in the public sector, according to the research.
IRS conduct surveys on the employment sector.
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