UK Employers Expect to Raise Worker Wages by 3 Percent in 2022: CIPD

But soaring inflation means workers will still face pay cuts

UK workers in a factory, in a file photo dated Nov. 19, 2008. David Davies/PA

Employers in the United Kingdom expect to raise pay for workers by 3 percent in 2022, the highest in at least a decade, as they look to bring in more workers and boost retention rates.

But the increase will still fall short of the rate of inflation across the country, according to a survey by the Chartered Institute of Personnel and Development (CIPD).