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Date: 20/11/08 
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Inflation

Retail Prices Index

September 5.0%
August 4.8%
July 5.0%

Source:
Office of National Statistics

Pay Deals

Average pay settlements to August 2008 (exc. bonuses)

Private Sector 3.6%
Public Sector 3.6%


Source:
Office of National Statistics

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14-Feb-08 10:42 [Pay and Reward]
UK earnings increase
Average earnings increased in the UK in the 12 months to December 2007, according to official figures.

Data from the Office of National Statistics (ONS) showed that earnings - including bonuses - rose by 3.8 per cent.

The ONS noted that regular pay, excluding bonuses, rose by 3.7 per cent in the year to December, compared with 3.6 per cent in November.

Meanwhile, workers in the private sector saw their pay growth rise by four per cent during this period, while employees' earnings in the public sector increased by 3.3 per cent.

Earlier this month, the ONS reported that the employment rate for people of working age was 74.7 per cent for the three months to December last year, representing a 0.3 per cent increase on the rate during the previous quarter.

The country's rate of unemployment stood at 5.2 per cent, having fallen by 0.2 per cent compared with the preceding three months.




Low and middle-income earners must be the target of a range of tax cuts if the government wants to stimulate the economy in the pre-Budget report, a major industry organisation has said. Find out more>
Three in every four businesses in the UK are paying their employees more than they are required to for maternity pay, it has emerged. Find out more>
The largest union in the country has announced that it will organise industrial action if the government does not revise its three-year NHS pay deal. Find out more>

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