Employers in the UK plan to raise wages by 4% over the next 12 months.

That's according to a quarterly survey conducted by the Chartered Institute of Personnel and Development. he previous survey showed a similar result.

  • "While employers' pay rise expectations remain above pre-pandemic levels, we would expect them to adjust their plans for pay rises in the coming months, as inflation falls and the labour market continues to slow,"

Info comes via a Reuters report, adding that the UK's Resolution Foundation think tank, in a separate report on Monday, also said the current growth in inflation-adjusted wages looked unsustainable

  • "Unless productivity picks up, wage growth will peter out, or pay rises will simply be passed on through higher prices and prolong our inflation problems"


Last week we had the Bank of England remain on hold, with expectations now building for a June or perhaps August rate cut:

Bank of England 10 May 2024 2