Inflation

Average UK worker thinks 9% pay rise is fair for 2023

UK employees on average consider a raise of 9% to be a fair pay award for 2023, according to research.

Real wage growth in 45-year record decline

Real wage growth for UK workers declined 3% during 2022 according to research from the Trades Union Congress (TUC), the largest decline since 1977.

Average pay plummets as inflation bites

Real median weekly pay for full-time employees fell by 2.6% in 2022 when adjusting for inflation, according to new figures from the Office for National Statistics (ONS).

Plummeting pound: the impact on employers

The rapid devaluation of the pound will mean further inflation, potential interest rate rises and make it more difficult to attract overseas talent, according to economists.

Cost of living driving low paid workers to food banks

More than half (56%) of low-paid workers in the UK have had to use food banks in the last 12 months, according to research from the Living Wage Foundation.

2022's labour market slows into autumn

The number of jobs in the UK rose to a record 35.8 million in June 2022, according to figures from the Office for National Statistics (ONS), yet job vacancies have dropped.

HR priorities for next prime minister

Today, Liz Truss became the new leader of the Conservative party and the prime minister of the UK. Here we examine which HR issues should be at the top of her agenda.

TUC campaign criticised for not announcing general strike

The Trades Union Congress (TUC) has launched a campaign to increase the minimum wage amid accusations that the government is abandoning workers to navigate the cost of living crisis by themselves.

Cost of living crisis erodes employee trust

The ongoing cost of living crisis is causing employees to be less trusting of their employers.

High-earner pay rises threaten inflation spiral

The top 1% of earners in the UK are getting pay rises in line with inflation, while the country's lowest earners are not.

Economic instability prompts recruitment caution

Hiring activity in the UK reached its slowest rate for 17 months as businesses exercise more caution due to economic uncertainty around the economy.

More than a million key worker children to reach poverty in 2023

The number of children living in poverty in key worker households could reach 1.1 million by 2023, according to research from the Trades Union Congress (TUC).