Biggest pay rises for 22 years next year


Economists say they expect pay rises on average next year of 2.2% as pay tries to keep up with high inflation. But it won’t be enough as inflation is expected to run at 3.2% next year.

Some sectors will be better off than others. Those working in hospitality could see rises of over 4% as bars and restaurants tackle a labour shortage. 

But bankers could see only rises of 1.5% - according to a study at the ETH in Zurich. 

The pay claims could be the highest this country has seen for 22 years.

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