Pay deals beating inflation

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 ability of many employers to award above-inflation rises next year will be "severely affected" by the impact of the downturn, said pay analyst Industrial Relations Services (IRS).

Average pay deals in recent months were worth 3.8%, above the rate of inflation, although some were over 4%, the study of 79 settlements found.

Pay awards in the public sector were around 2.5%, while deals in manufacturing firms were worth 3.9%, according to the report.

Sheila Attwood of IRS said: "It will be welcome news for employees to see that their pay rises are finally worth more than inflation.

"However, with the economic situation worsening, and disposable incomes already severely stretched, it is unlikely to put a lot of extra money in people's pockets. Inflation is forecast to fall considerably in 2009, and there is no doubt that pay settlements will, to some extent, follow suit."