Wall Street Jedi
  • About us
  • Contact us
  • Privacy Policy
  • Terms & Conditions
  • News
  • Economy
  • Editor’s Pick
  • Investing
  • Stock
No Result
View All Result
  • News
  • Economy
  • Editor’s Pick
  • Investing
  • Stock
No Result
View All Result
Wall Street Jedi
No Result
View All Result
Home Stock

UK pay growth steady but firms see higher costs ahead, Brightmine says

by
November 21, 2024
in Stock
0
UK pay growth steady but firms see higher costs ahead, Brightmine says
0
SHARES
0
VIEWS
Share on FacebookShare on Twitter

LONDON (Reuters) – Growth in pay awards by British employers held steady in the three months to October but is expected to cool in 2025, according to a survey on Thursday that showed firms under pressure from the new government’s decisions on tax and wages.

Human resources data firm Brightmine said the median pay award held at 4% for a fourth month in a row – down from 6% at the end of 2023 – and was set to drop to 3% next year.

The Bank of England is trying to gauge how much inflation pressure remains in the economy as it prepares to cut interest rates further.

It is watching closely for how companies respond to an increase in social security contributions which formed the centrepiece of finance minister Rachel Reeves’ first budget.

That kicks in from April next year – just as the minimum wage is due to rise by nearly 7% – and is likely to constrain pay award decisions by employers, Brightmine said.

“Managing workforce expectations will be critical in the coming year and employers should clearly communicate pay decisions to maintain employee engagement during times of financial restraint,” Brightmine senior content manager Sheila Attwood said.

The latest data was based on 24 pay awards covering 240,000 employees which came into effect between Aug. 1 and Oct. 30.

This post appeared first on investing.com
Previous Post

Dollar pulls ahead as markets focus on Trump policies, Fed outlook

Next Post

Nvidia’s supply snags hurting deliveries but mask booming demand

Next Post
Nvidia’s supply snags hurting deliveries but mask booming demand

Nvidia’s supply snags hurting deliveries but mask booming demand

  • Trending
  • Comments
  • Latest
American creating deepfakes targeting Harris works with Russian intel, documents show

American creating deepfakes targeting Harris works with Russian intel, documents show

October 23, 2024
Cadence raises midpoint of 2024 profit forecast on robust demand from chip designers

Cadence raises midpoint of 2024 profit forecast on robust demand from chip designers

October 28, 2024
Israel stocks lower at close of trade; TA 35 down 0.23%

Israel stocks lower at close of trade; TA 35 down 0.23%

October 6, 2024
Earnings call: Microsoft sees soaring cloud and AI growth in Q1 FY2025

Earnings call: Microsoft sees soaring cloud and AI growth in Q1 FY2025

October 31, 2024
Microsoft says goodbye to the Windows blue screen of death

Microsoft says goodbye to the Windows blue screen of death

0
Retailers scramble to move billions in cargo as East Coast dockworkers prepare to strike

Retailers scramble to move billions in cargo as East Coast dockworkers prepare to strike

0
PepsiCo to buy tortilla chip maker Siete Foods for $1.2 billion

PepsiCo to buy tortilla chip maker Siete Foods for $1.2 billion

0
East and Gulf coast ports shut down as thousands of workers go on strike

East and Gulf coast ports shut down as thousands of workers go on strike

0
Microsoft says goodbye to the Windows blue screen of death

Microsoft says goodbye to the Windows blue screen of death

June 30, 2025
Apple reveals complex system of App Store fees to avoid E.U. fine of 500 million euros

Apple reveals complex system of App Store fees to avoid E.U. fine of 500 million euros

June 30, 2025
Divided Fed proposes rule to ease capital requirements for big Wall Street banks

Divided Fed proposes rule to ease capital requirements for big Wall Street banks

June 26, 2025
Women’s Tennis Association extends media rights deal with Tennis Channel through 2032

Women’s Tennis Association extends media rights deal with Tennis Channel through 2032

June 26, 2025

Recent News

Microsoft says goodbye to the Windows blue screen of death

Microsoft says goodbye to the Windows blue screen of death

June 30, 2025
Apple reveals complex system of App Store fees to avoid E.U. fine of 500 million euros

Apple reveals complex system of App Store fees to avoid E.U. fine of 500 million euros

June 30, 2025
Divided Fed proposes rule to ease capital requirements for big Wall Street banks

Divided Fed proposes rule to ease capital requirements for big Wall Street banks

June 26, 2025
Women’s Tennis Association extends media rights deal with Tennis Channel through 2032

Women’s Tennis Association extends media rights deal with Tennis Channel through 2032

June 26, 2025

Disclaimer: WallStreetJedi.com, its managers, its employees, and assigns (collectively "The Company") do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

  • About us
  • Contact us
  • Privacy Policy
  • Terms & Conditions

Copyright © 2025 wallstreetjedi.com | All Rights Reserved

No Result
View All Result
  • News
  • Economy
  • Editor’s Pick
  • Investing
  • Stock

Copyright © 2025 wallstreetjedi.com | All Rights Reserved