RPI Hits 5%

You might have seen two communications from the chair of governors and the acting VC recently commending us on our hard work and how well the university has managed its finances - the good news is that following today's announcement of the September RPI we can look forward to a 5% pay increase.
Not sure whether the news will reach our payroll in time for this months pay date but it will be backdated from October 1st - we will be following this up with HR.

You will see if you look at the details in the UCEA statement that there is provision for Universities suffering financial hardship to defer payment - I would imagine that as we are going through IIP accreditation that might influence their decision not to !

That may also be dependent upon whether the University had it’s money in an Icelandic Bank though.