Business · 3 hours ago
UK pay rises hit 3.1%, but employers face tighter 2027 budgets
Colin Smith via Wikimedia Commons (CC-BY-SA-2.0)
The typical pay increase remains below levels seen earlier in 2026, with employers keeping most deals close to last year’s levels. Brightmine, a human resources data firm, reviewed 42 agreements covering over 650,000 workers between July and September. It expects pay awards to average 3% in 2027, as higher employer contributions and minimum wage increases put pressure on budgets.
Reported by Reuters · How we write briefs