From the TUC

Still waiting for the wage-price spiral!

Adam Lent

27 Aug 2008, by in Economics, Labour market

The latest figures from Income Data Services show that pay settlements between April and July represented a 3.5% rise in salaries. Hardly inflation busting. The figures also show how diverse and responsive the UK’s pay bargaining process now is, with some sectors, such as chemicals and pharmaceuticals settling at around 4.5% while retail and the not-for-profit sectors are sticking…

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