Thursday, June 14, 2007

U.K. Salary Increases Slowed in Quarter Through May, Pay Group Survey Says

(Bloomberg) -- U.K. salary increases slowed in the
quarter through May, a sign faster inflation has yet to stoke
higher pay, a survey by Industrial Relations Services showed.

Pay negotiators clinched gains of a median 3 percent, down
from 3.1 percent in the three months through April, the London-
based researcher said in a statement today. The result is based
on salary increases in 192 out of 260 wage deals for almost 1
million workers agreed during the quarter.


Read more at Bloomberg Bonds News

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