UK private sector pay awards held at 3.5% in 3 months to March, IDR survey shows

Median annual pay settlements offered by British private sector employers held steady in March, indicating no fresh acceleration in wage pressure. The report comes shortly after the Bank of England kept interest rates unchanged as it continues to assess inflationary pressures in the economy.

Analysis

Median annual pay settlements offered by British private sector employers held steady in March, indicating no fresh acceleration in wage pressure. The report comes shortly after the Bank of England kept interest rates unchanged as it continues to assess inflationary pressures in the economy.