Union-negotiated pay settlements are falling even further, to an average of around 2%, according to Alastair Hatchett of Income Data Services.

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Andrew Hodd lost his off stump shouldering arms, while Lewis Hatchett and Monty Panesar guided successive balls to Matt Mason at gully.

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Alastair Hatchett of Incomes Data Services, a research company, points out that employers have known that the new law was on its way for some time, and that some have increased wages in anticipation of it.

ECONOMIST: Employment