British employers expect wage growth to remain weak, according to a survey of personnel managers on Monday that contrasted with other reports that salaries are set to rise at a faster pace.
The report from the Chartered Institute of Personnel and Development (CIPD) showed private sector median wage settlements in the year to June 2015 are expected to be 2 percent. They were 2.5 percent in 2013.
Economists polled by Reuters expect inflation to average just below the Bank of England’s 2 percent target until midway through next year, meaning wage settlements would barely rise in real terms, according to the CIPD’s findings.
Reuters
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