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Average UK pay deals fall slightly to 3.2%

May 30 2008 by Tony McDonough, icNorthWest

Average pay deals have fallen slightly to 3.2% in recent months, widening the gap with the rate of inflation, according to a new report today.

Deals averaged 3.5% at the end last year and the start of 2008 but were worth less in the quarter to April, said pay analysts IRS.

The gap between average pay and RPI inflation, currently 4.2%, is now 1%, the biggest difference since last November, said the report.

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