Pay awards approach 3.5%

Article Abstract:

UK wage settlement statistics for the autumn 1995 round indicated the continuation of an upward trend toward an overall pay increase of 3.5%. A decline in inflation spurred the upward movement during a traditionally slow period for pay awards. Other pay factors such as the unemployment rate and economic growth were generally flat. Average manufacturing and service sector were depressed during the autumn period.

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3% and holding: pay awards remain steady

Article Abstract:

Pay increases negotiated as part of trade union settlements in the United Kingdom average 3% for contracts finalized during the three months ending April, 1995. The lowest quarter for pay increases over the same period was 2.5% or below, while the highest quarter received 3.5% or above. Public sector awards averaged 2.5%, while private sector awards averaged 3.0%.

Economic aspects, Labor relations, Labor contracts

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