UK employers plan 4 per cent pay rises in coming year

British employers expect to raise wages by 4 per cent over the coming 12 months, a similar rate to three months ago, according to an industry survey on Monday that suggested businesses were less willing to take on higher labour costs.

The Chartered Institute of Personnel and Development said expected median pay settlements in the private sector for the coming 12 months was unchanged at 4 per cent, while expectations in the public sector remained at 3 per cent.

British consumer price...