Thursday, May 17, 2007

U.K. Wage Growth Slowed in Quarter Through April, Report by Pay Group Show

(Bloomberg) -- U.K. wage growth slowed in the quarter through April as government workers got the smallest pay rises since 1998, a report by Industrial Relations Services showed.

Workers' representatives agreed to a median 3 percent gain in salaries, down from 3.5 percent in the three months through March, the Surrey, England-based research group said today. The data covers 184 settlements, 141 of which showed higher pay.


Read more at Bloomberg Currencies News

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