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Pay awards fall to six-year low

The headline pay award has fallen further, to 2.6%, according to IRS analysis of pay deals in the three months to the end of February 2009, with the number of pay freezes continuing to rise.

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No prospect of higher pay rises in 2009
Key findings from the IRS pay databank
No pay thaw for spring bargaining round?
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Table 1: Private sector pay awards, February 2008 to February 2009
Chart 1: Pay review pattern, February 2008 to February 2009
Table 2: Whole-economy pay awards, February 2008 to February 2009
State of play in key negotiations
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