The Brightmine headline measure of pay awards remains stable in the three months to the end of February 2025, confirming the downward trend in pay settlement levels.
At the start of 2025, pay awards have dropped to their lowest level since 2021 - but will this decline continue? Our latest data offers insights into expected pay deals for the year ahead and the key factors shaping them, from affordability to national insurance changes and the national minimum wage.
January is a popular month for pay awards, providing insight into where settlements are likely to sit for the year ahead. Our latest data reveals a marked slowdown in pay growth.
With 2024 coming to an end, we explore pay awards implemented this year and assess how settlements have varied across different sectors of the economy.
As we approach the end of the year, pay settlement activities are drawing to a close. However, having remained stable over the last few months, all signs are now for a decline in awards when activity picks up in the new year.