UK public-sector pay hikes outpace private sector for first time since 2020, per CIPD.

UK public-sector pay is set to rise faster than the private sector for the first time since 2020, according to the CIPD. Median public-sector pay increases are expected to reach 4%, up from 2.5%, surpassing the private sector's 3%. This follows the Labour government's approval of substantial pay raises, ranging from 4.75% to 6%, funded by higher employer taxes. Private-sector employers face increased costs, potentially limiting their ability to offer competitive pay raises.

November 11, 2024
12 Articles

Further Reading