
Britain's squeeze on wages will ease in 2014 as more than half of UK businesses plan to increase workers' pay during the year, according to a survey.
The Barclays Employers Survey 2014, which polled 684 firms, found 57% of respondents said they would lift wages in the coming year. A further 39% said the whole workforce would be in for a pay rise.
Wages are at the centre of a political debate around what the opposition Labour party has dubbed the "cost of living crisis". For several years after the financial crisis, pay growth has been slower than consumer price inflation ? meaning a real terms fall in wages.
"After an extended period of wage freezes, which have been tough for employees, it's good to see that so many employers will be increasing wages in the coming year," said Kevin Wall, co-head of corporate banking origination at Barclays.
"This can only have a positive impact on employee morale. However, it will increase inflationary pressure as the year progresses."
Signs that wages will rise more quickly are welcome in the eyes of the Conservative and Liberal Democrat coalition government.
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