In the year to January 2005, pay growth (excluding bonuses) in the private sector was 4.3 per cent, compared with 4.7 per cent for the public sector. Including bonus payments, the gap between the sectors was slightly less, with private sector growth at 4.4 per cent compared with 4.6 per cent for the public sector.
[via National Statistics Online - Average Earnings]
I was attracted to this item because it was headlined "Pay growth steady in year to January". Usually, NSO headlines contain numbers like "rate up to 74.9% in January". What does steady mean I wonder - why are they not being their usual explicit selves - conspiracy theory overload.
Actually, all very dull, other than the bit above. Excluding bonuses, public sector growth was 4.7%, including bonuses it was 4.6% - what does this mean for bonuses - they were less? And, if so, why - failure to deliver? And, if so, by whom?