UK pay awards rise

Pay
awards in the UK rose to an average of 2.7 per cent in the three months to
July, according to Industrial Relations Services.

IRS
initially predicted the rise would be 2.8 per cent, but revised its prediction
after monitoring 63 deals for 400,000 staff.

It
predicts that private sector pay increases could be hit by falls in the stock
market, while any large rises would come from the public sector, where
increases averaged 3.5 per cent during the three months to July.

IRS
has also warned that its monthly figures could be revised in its three-monthly
reports as it is only able to monitor around a third of the pay deals each
month.

By Ross
Wigham

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