High inflation 'driving pay rises'

My Account
Logout

Create an Evening Standard Account

Use your social network

Save time by using your existing account to sign in to Evening Standard

We'll never share your information or post anything to your account without your permission

Welcome! Sign in here

Use your social network

Save time by using your existing account to sign in to Evening Standard

We'll never share your information or post anything to your account without your permission

Forgot your password ?

Registration

* indicates fields that are mandatory

Email *

Password *

Confirm Password *

First name *

Surname *

Postcode *

Country *

Mobile phone number

Username *

Gender *

Year of birth *

When you sign up...

You will have access to all our online competitions, discounted offers and can post comments on our site.

You will also receive The Weekender newsletter sent every Thursday - it’s full of fantastic offers and ideas for the weekend. You can update your email preferences in your account page when you log in.

Other newsletters and emails

Homes & Property Newsletter - Yes I want to receive the weekly email with all the latest news on property in the capital

Occasionally we would also like to send you relevant emails detailing specific offers either from ourselves or carefully selected partners. If you would prefer not to receive these then please tick the appropriate boxes below. We will never pass on your details.

I do not want to receive additional offers and information from the Evening Standard

I do not want to receive additional offers and information sent by Evening Standard on behalf of carefully selected partners

Terms and Conditions

* I have read, understood and agree to be bound by the terms and conditions of Evening Standard

Registration

Mail Sent for Registration Confirmation.

A confirmation email has been sent. Please activate your account by clicking on the activation link sent in your mail box.

The bigger pay rises have reflected higher rates of inflation, said pay analysts Incomes Data Services (IDS).

One in four deals, mainly in private firms, is now worth more than 4.2%, while the lowest settlements are around 3%.

The study of 152 deals, covering more than a million workers, showed a "significant gap" between pay rises in private firms and the public sector.

Ken Mulkearn, of IDS, said: "The rising number of private sector deals at or above 4% is a clear indication of the impact that higher inflation is having on pay negotiations.

"At the same time the median settlement level for the whole economy appears to be holding up, despite the downward pressure on settlement levels in the public sector.

"The median is a central measure, however, and masks the diversity of settlements, with many private sector firms, who have been doing well, reaching settlements that reflect both profitability and the higher inflation environment."

Average pay deals remained at 3.5% in recent months, although one in three settlements is now worth at least 4%, new figures have shown.

The bigger pay rises have reflected higher rates of inflation, said pay analysts Incomes Data Services (IDS). One in four deals, mainly in private firms, is now worth more than 4.2%, while the lowest settlements are around 3%.

The study of 152 deals, covering more than a million workers, showed a "significant gap" between pay rises in private firms and the public sector.