UK pay awards edge up to 3.1 percent
British employer pay settlements edged up slightly to 3.1 percent in the three months to September. Brightmine data shows little sign of a broader wage trend shift while upcoming budget pressures constrain future raises.
British employers raised median pay settlements to 3.1% in the three months to September, up from 3.0% in preceding periods, according to Brightmine data published on Wednesday. The uptick signals steady wage growth across the United Kingdom, though increases remain below peaks recorded earlier in the year. Official figures on Tuesday showed private sector wage growth accelerating for the first time since late 2024, fueling speculation over a potential BoJ rate hike.
