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Public Sector Employees To Get A 5.8% Pay Rise In 2024.

Wednesday, 26 July 2023 08:37

Under the deal agreed by civil servants and their union, next year's pay settlement will be RPIX minus 1%.

Public sector workers agreed a three year deal which this year equated to a 7% pay rise.

But that dips to 5.8% from January 2024, which is RPIX in June 2023 minus 1%.

RPIX is the inflation rate minus mortgage payments.

Yesterday's inflation bulletin showed the other main inflation indicator, RPI, was running at 7.2%.

That's down 1% on the March figure and shows that prices within the 'basket' that determine inflation are still rising, but not as much as they were.

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