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Date: 09/01/09 
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Inflation

Retail Prices Index

November 3.0%
October 4.2%
September 5.0%

Source:
Office of National Statistics

Pay Deals

Average pay settlements to October 2008 (exc. bonuses)

Private Sector 3.6%
Public Sector 3.7%


Source:
Office of National Statistics

employee rewards & benefits news

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04-Dec-08 11:30 [Pay and Reward]
TUC: Fit to work notes do not offer flexibility
There will not be increased flexibility offered for employers or employees through fit to work notes, according to an association representing over 6.5 million workers.

Head of health and safety for the Trades Union Congress (TUC) Hugh Robertson said that new proposals announced in the Department for Work and Pensions' (DWP's) report last month left his organisation questioning the effectiveness of the scheme.

Mr Robertson added that the TUC was not against anything that could encourage people to get back to work once they felt able but it was not sure if the new scheme would make this happen.

He continued: "Good employers have already got sickness absence policies that allow for that and see it as an industrial relations matter for discussions between the employer and the worker. Bad employers aren't going to do it anyway."

The DWP announced that the cost to the British economy of working age ill-health equated to £100 billion each year.

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08-Jan-09 [Europe, Middle East and Africa]
Irish pension funds 'lose £25bn in three months'
The last 12 months have proven to be a very painful time for pension funds in Ireland, according to an investment consultant service's research this week. Find out more>
In response to a worsening situation on the high street, major retailer Marks & Spencer (M&S) has announced 1,200 job cuts and big changes to the current final salary pension scheme they offer. Find out more>
08-Jan-09 [Pay and Reward]
Over 5m 'working unpaid overtime'
The value of the hours of unpaid overtime in the UK is £26.9 billion, according to the Trades Union Congress (TUC). Find out more>

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