Peter Brown

PAYdata Blog, 21 December 2011
  

 

We can see from the latest published minutes of the Bank of England’s Monetary Policy Committee (MPC), that unanimity continues to prevail in the face of economic uncertainty.

 

In truth, little has changed in the MPC’s view of the economy.  For Reward Managers looking for some Christmas cheer, there is a belief that pay settlement restraint will continue into 2012 and the critical period between January and April.  In their own words,  “The Committee’s expectation was that by then demand would have slowed and inflation would be falling, which might help restrain pay growth.”

 

We hope a Prosperous New Year awaits us all.

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