Managers found to collect 4% pay rise

Private sector bosses have obtained a 4.2% pay rise in recent months, a new survey has found.

According to Income Data Services figures, private-sector bosses have received wage rises in line with inflation and that surpass the rest of the economy.

Public-sector managers have also seen healthy salary increases, but at 1% less than their private-sector counterparts.

Such increases in salary could rise if inflation remains high, Steve Tatton from IDS told The Press Association.

'January is a key date in the annual pay round and salary awards at the start of the year tend to set the pace for coming months,' he stated.

Mr Tatton's comments follow news that the average advertised salary in the UK outside of London is £28,407, according to AllTheTopBananas.com.