Thursday, April 12, 2007

U.K. Median Pay Rose Most in Five Years During First Quarter, IDS Reports

(Bloomberg) -- British wage bargainers negotiated the biggest median salary increases in the first quarter since 2001, led by pay for staff at U.K. banks, a report by Incomes Data Services showed.

The median pay settlement rose to 3.5 percent from 3.4 percent for the period ended February, the London-based salary researcher said in a statement today. The report covers 186 wage agreements for 457,907 employees.


Read more at Bloomberg Bonds News

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