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are you hoping for a pay rise in 2025
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well you might be in luck but don't
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expect that pay increase to be quite as
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high as what you might have had this
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year if your pay increased at all why
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according to the latest monetary policy
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report from the bank of England pay
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intentions for 2025 indicate the average
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pay increase will be between 3 and 4%
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well that is higher than last month's 2
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to 3% increase prediction it's still
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lower than the 5.5% increase in 2024 the
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bank of England says this is due to
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lower inflation than the same time last
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year combined with the impact of
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National Insurance hikes which will up
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total labor costs for businesses it
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comes as the bank of England held
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4.75% while downgrading economic
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forecasts for the UK towards stagnant
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growth so while your pay might tick up
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the economy isn't expected to here at
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cityam we'd like to know how does this
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all Impact you let us know in the
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comments and follow for more
