Strong economic growth, higher inflation and falling unemployment look set to create strong upward pressure on pay during the next year, according to the latest Incomes Data Services report.
Most pay rises are likely to fall within the 3 5% range. The introduction of the minimum wage some time next year has led some employers already to raise their lowest pay rates. More will follow suit.
Our selection of engineering companies shows that there are still significant differences in pay awards within the sector. Rolls-Royce’s 4,000 manual workers at Derby have enjoyed pay rises slightly above the average over the past few years.
Our second set of graphs shows that Britain is not alone in its tendency to move more freight by road, and less by rail. But while road traffic adds to levels of carbon dioxide emissions in the atmosphere a constituent of global warming its contribution can be overstated.
Carbon dioxide from vehicles has risen about 20% over the 10-year period, but it amounts to only about a fifth of the total CO2 released into the atmosphere from all end users. The overall figure has declined from its 1991 peak.