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UK DATA: Brightmine: Median Pay Awards Remain at 4%

UK DATA
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  • Brightmine median basic pay awards in the 3 months to October remained at 4.0% for the fourth consecutive month.
  • The release states "Businesses cite economic constraints, affordability, and recent government budget measures as primary factors expected to impact pay award decisions in 2025." The Brightmine 2025 Pay Forecast forecast looks for a rise of 3.0%.
  • Despite median awards remaining stable, the interquartile range widened with the upper quartile rising to 5.5% whilst the lower quartile fell to 3.0%.
  • The rolling quarter of data is based on 24 pay awards hat came into effect between 1 August and 30 October 2024 (down notably from 64 in the July to September period) covering over 240,000 employees (versus 433,000 employees covered in the last rolling quarter).
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  • Brightmine median basic pay awards in the 3 months to October remained at 4.0% for the fourth consecutive month.
  • The release states "Businesses cite economic constraints, affordability, and recent government budget measures as primary factors expected to impact pay award decisions in 2025." The Brightmine 2025 Pay Forecast forecast looks for a rise of 3.0%.
  • Despite median awards remaining stable, the interquartile range widened with the upper quartile rising to 5.5% whilst the lower quartile fell to 3.0%.
  • The rolling quarter of data is based on 24 pay awards hat came into effect between 1 August and 30 October 2024 (down notably from 64 in the July to September period) covering over 240,000 employees (versus 433,000 employees covered in the last rolling quarter).