UK employers plan 4% pay rises in coming year

Inflation easing: Shoppers in central London. British consumer price inflation slowed to 3.2% in March and the Bank of England expects it to have eased further to around 2% in April after a reduction in regulated energy prices. — Bloomberg

LONDON: British employers expect to raise wages by 4% over the coming 12 months, a similar rate to three months ago, according to an industry survey that suggested businesses were less willing to take on higher labour costs.

The Chartered Institute of Personnel and Development (CIPD) said expected median pay settlements in the private sector for the coming 12 months was unchanged at 4%, while expectations in the public sector remained at 3%.