This article is from the source 'bbc' and was first published or seen on . It last changed over 40 days ago and won't be checked again for changes.

You can find the current article at its original source at http://www.bbc.co.uk/go/rss/int/news/-/news/business-12124890

The article has changed 5 times. There is an RSS feed of changes available.

Version 0 Version 1
Private sector pay 'on the rise' Private sector pay 'on the rise'
(about 6 hours later)
Private sector pay could rise by more this year than in 2010, but is still likely to trail inflation, research by Incomes Data Services has suggested.Private sector pay could rise by more this year than in 2010, but is still likely to trail inflation, research by Incomes Data Services has suggested.
The data suggests typical pay awards were running at 2.2% in November, up from the 2% rises that characterised most of the past year.The data suggests typical pay awards were running at 2.2% in November, up from the 2% rises that characterised most of the past year.
However, this is less than half the rate of retail price inflation. However, this is less than half the rate of retail price inflation (RPI).
The public sector in the UK faces pay freezes in most areas as a result of the government's spending cuts.The public sector in the UK faces pay freezes in most areas as a result of the government's spending cuts.
While the number of explicit pay freezes has been dropping sharply, IDS expects public sector pay rises to fall from a typical 0.75 per cent in 2010. While the number of explicit pay freezes has been dropping sharply, IDS expects public sector pay rises to fall from a typical 0.75% in 2010.
In the private sector, pay rises may average three per cent this year, it predicted. In the private sector, pay rises may average 3% this year, it predicted.
But as many analysts expect retail price inflation to remain above four per cent this year, the report suggests that another year of declining real incomes is in prospect for most UK workers, as the rate of pay increases fails to keep pace with inflation. The latest official figures suggest that RPI - which includes mortgage interest payments - rose to 4.7% in November - from 4.5%.
And with many analysts expecting RPI to remain above 4% this year, the report suggests that another year of declining real incomes is in prospect for most UK workers, as the rate of pay increases fails to keep pace with inflation.