Friday, January 4, 2008
Slash rates as wages rise?
Jan. 4 (Bloomberg) -- U.K. wage negotiators agreed on the biggest salary increases since at least 1994 in the three months through January as inflation fueled higher pay demands, Incomes Data Services said. The median salary settlement rose to 4 percent from 3.4 percent in the three months through December, the London-based researcher said in an e-mailed statement today. The reading is based on 30 agreements covering 434,889 workers.