Scotsman cartoon: Average pay rises
Average pay rises have outstripped CPI inflation for the first time in four years, official figures showed today.
Pay, including bonuses, was 1.7 per cent higher in the year to February, compared to the latest CPI inflation rate of 1.6 per cent.
It is the first time since the spring of 2010 that CPI inflation has not exceeded the increase in pay, said the Office for National Statistics.