UK employers cut forecasts for pay deals to 4% this year

Actual pay deals for the three months to February fell to a median of 4.8%, down from 5.1% in the three months to the end of January, XpertHR said. — Reuters

LONDON: United Kingdom employers lowered their forecasts for the pay awards they will make in 2024, a new survey shows, which adds to signs of easing inflation pressure.

This came about yesterday, just a day before the Bank of England (BoE) was due to announce its latest interest rate decision.