Pay growth ‘will remain subdued’

Pay growth will remain weak, with wage rises over the next year expected to be just 1 per cent, according to a report.

A rise in EU workers, former welfare claimants and old workers are key factors in the claim, said the Chartered Institute of Personnel and Development and Adecco Group. The increase in labour supply has led to 24 applicants for every low-skilled job, 19 for every medium-skilled vacancy and eight for high-skilled posts.