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.
Annual wage growth continued to fall in the three months to September, but not as fast as was expected, according to official labour market statistics.
Updated to include the latest headline gender pay gap data from the Annual Survey of Hours and Earnings 2024. The next ONS release date is November 2025.