The Standard

How to get pay rise in 2023

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Episode notes

Millions of British workers are expecting a pay rise in 2023, with nearly a quarter of respondents to a recent recruitment survey hoping for at least 10 per cent extra.

It comes as nurses are negotiating for a 19.2 per cent increase, while unions recently secured 10 per cent plus a £2,000 bonus for workers at Rolls-Royce.

So, as the cost of living crisis bites and the recession’s forecast to last until 2024, are union demands realistic and what’s the best strategy for squeezing a few more pounds from your boss, particularly if they have a “high ego”?

Meanwhile, if you’re struggling this Christmas then please spare a thought for those hard-up bankers, who could soon receive unlimited bonuses after the Bank of England announced plans for a consultation on scrapping the so-called ‘bonus cap’.

To examine how wages are looking into 2023 and tips for handling those awkward money conversations with the boss, The Leader’s joined by Dr Grace Lordan, a labour economist at the London School of Economics.

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