LONDON: More British employers are planning pay rises than at any time since the global financial crisis as they struggle to recruit staff following the coronavirus pandemic and Brexit, data from the Confederation of British Industry showed on Monday. The CBI said 44% of businesses intended to raise pay in line with inflation and 24% planned above-inflation pay rises, the highest combined percentage since it started surveying businesses about this in 2009." Pay intentions are rising across the b

Over two thirds of businesses expect to raise pay in the year ahead, as competition for staff heats up. Sixty-eight per cent of firms are planning to boost pay packets, nearly a quarter by an above-inflation increase, according to business lobby group the Confederation of British Industry( CBI).... This high level of competition for finding employees might squeeze out smaller firms or those who suffered most from pandemic-triggered lockdowns.... “ This could be challenging though, for those bu