Following recent pay increases approved by the new Labour government, public-sector employers in the UK now anticipate higher wage growth than the private sector for the first time since 2020.
A survey by the Chartered Institute of Personnel and Development (CIPD) found public-sector pay expectations rose to a 4% median increase, compared to 3% in the private sector, with short-term projections reaching 5%.
The boost stems from new wage agreements of 4.75%-6% for millions of public-sector workers, partly funded by increased employer taxes and a 6.7% minimum wage hike.
 While public-sector pay gains provide relief after pandemic stagnation, rising employer costs may challenge private firms’ hiring and wage plans.
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 The Bank of England is monitoring wage trends closely amid gradual interest rate cuts to manage inflation.
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