Thursday, June 7, 2007

U.K. Median Pay Increases Match The Fastest Pace Since 2001, IDS Says

(Bloomberg) -- U.K. wage negotiators agreed pay
increases matching the fastest pace since 2001 in the three months
through May, Incomes Data Services Ltd. said.

The median salary deal showed a 3.5 percent gain from a year
ago, matching the reading for the quarter through April, the
London-based researcher said in a statement today. The May report
covers 191 pay settlements affecting 1.4 million workers. One-
third of the pay increases were of 4 percent or more.


Read more at Bloomberg Bonds News

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