IDS states pay awards will trail inflation

Incomes Data Services (IDS) has reported that private-sector pay is set to increase this year but it will still trail behind the rate of inflation as VAT and rail fare rises impact RPI.

Their latest report predicts that pay rises are on course to be higher than 2010, but the growing cost of living will rise faster than average pay deals for the second year in a row.

The UK’s median pay award rose slightly to 2.2% in the three months to November 2010, according to the IDS research.

Read more about this here.