Inflation

The median basic pay award has fallen below 6% for the first time this year, dropping to 5.7% in the three months to the end of July 2023.

Inflation in the UK dropped to 6.8% in the year to July as gas and electricity prices lowered, but wages still lag behind.

Annual growth in regular pay rose in the three months to the end of June, according to the ONS labour market figures for August 2023.

Inflation in June 2023 falls to 7.9%, only 0.6 percentage points higher the regular wage growth, but RPI remains in double digits

The prime minister is set to approve pay rises of 6-6.5% for public sector workers including teachers, police, prison officers and junior doctors.

Chancellor and Bank of England governor both call on wage restraint as July 2023 labour market figures show record increases in pay.

Dr Duncan Brown analyses real earnings growth, or a lack thereof, in the UK and discusses the pay perspectives of economists and employees.

Organisations must avoid ‘financial wellbeing washing’ their employees and offer comprehensive, rather than tick-box, support.

Official data shows that inflation in May 2023 did not fall as expected, making an interest rate hike more lilkely.

For the first time in their history, Church of England clergy who are members of Unite have submitted a pay claim.

Wage growth continues to be outstripped by inflation, despite regular pay increasing, the June 2023 labour market figures from the ONS show.

Impact of rising electricity and gas prices subsides to bring April 2023 inflation into single digits.

The median basic pay settlement in the three months to the end of April 2023 remained at 6% for the third consecutive rolling quarter.

Official figures reveal that a record number of people in the UK are economically inactive due to long-term sickness.

XpertHR data for the three months to March 2023 showed a median pay increase of 6% for the third consecutive quarter.