UK industry counters shortages with pay risesWilks, Neil
Millions of UK public sector workers, including teachers and doctors, will get pay rises of about 6% after Rishi Sunak decided to accept the recommendations of independent pay review bodies. The bodies had suggested pay rises of between 6% and 6.5% for 2023-24, at a potentia...
wage increases have been a sensitive issue in recent years. due to the global economic recession, businesses had to tighten their belts . most public sector pay in the uk, for example, was frozen for two years in 2010, and after ...
There are numerous reasons why an employee might be entitled to back-paid wages. Common reasons back pay may be awarded include delayed raise pay rises, unpaid overtime, accounting errors and more. Under UK law, employers are required to issue back pay to employees who have a valid complaint...
BoE governor Andrew Bailey has recently warned against workers asking for pay rises in line with inflation. "If everybody tries to beat inflation, both in price-setting and wage-setting, it doesn't come down, it gets worse," he told the media.However, Paul Craig, a portfolio manager at ...
The UK's unemployment rate ticked up to 3.8% in the three months to February, according to official figures that also highlighted a faster than expected spike in wage rises. The Office for National Statistics (ONS) said the jobless rate rose from 3.7% due to a surge in the number of pe...
This article reports on a salary survey by the organization BIM National Management, that corporate directors have recorded their highest increase in earnings for nearly ten years. In the year to January 1990, directors' ...
Worldpay revenue rises, heads down under with Australia licence Global payments provider Worldpay reported a 10% rise in revenue to £2.1 billion for the six months to the end of June, and is expanding in Australia after winning its licence to process payments. Despite recently suffering two...
“So we do hope that we’re able to resolve that and I welcome the fact that the £3.3 billion package secured with the UK Government has been able to enable this announcement today in terms of the settlement for this year.”
Each sector has a pay review body that carries out an annual report, which the relevant government department will then use to determine final pay rises. Figures show that across the board,public sector workers have seen their pay fall by 4.3%in real ...