Private sector pay awards rise to 3.1% as wage growth resumes
Median pay awards from employers rose to 3.1% during the most recent period, according to data from Brightmine. This figure represents an increase from the 3.0% median awards recorded in the three-month periods ending in July and August.
The growth in private sector wages marks the first upward trend observed since the conclusion of 2024. Brightmine examined 42 pay settlements involving more than 650,000 employees between 1 July and 30 September.
Most of these pay deals did not surpass the percentage increases granted a year prior. Analysts expected pay awards to remain at 3% throughout 2027.
Employers are currently facing constraints due to higher social security contributions. A potential rise in the minimum wage could further strain corporate budgets.
Andrew Bailey noted that second-round inflation pressures appear subdued for the time being.





















