LONDON (Reuters) – British private-sector employers expect to give staff a basic annual pay rise of 2.5 percent this year, the same as in 2018, though some will delay awards until after government Brexit plans are clearer, an industry survey showed on Thursday.
FILE PHOTO: People walk through the Canary Wharf financial district of London, Britain, December 7, 2018. REUTERS/Simon Dawson
British wage growth rose to its highest in a decade at the end of last year at 3.5 percent, and the Bank of England sees only a slight slowdown in 2019 as employers struggle to find staff in the face of the lowest unemployment in decades.
XpertHR, a company that collates data on pay settlements at large employers, said firms it surveyed expected on average to award pay rises of 2.5 percent this year.
Before 2018, 2 percent was the standard pay rise offered.
Britain’s official measure of average weekly earnings growth usually exceed typical pay settlements as it also includes pay rises workers get through job moves and promotions.
“Based on the pay activities of employers so far this