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UK pay settlements hold at 4%, highest since 1992 – XpertHR

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Reuters UK

By David Milliken LONDON (Reuters) – British employers agreed average pay rises of 4% with their staff in the three months to the end of June, the joint-highest since 1992 but falling further behind inflation, industry data showed on Wednesday. Human resources data company XpertHR said the median pay settlement had remained unchanged for a third consecutive month, while inflation hit a 40-year high of 9.1% in May and the Bank of England expects it to exceed 11% later this year. Separate figures on Tuesday showed the biggest real-terms fall in pay since official records began in 2001. “Pay awar…

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