Pay is finally rising – and for all the right reasons

Wages are rising, and not because of high inflation. Companies are volunteering to pay their staff more. That’s exactly the way economies are supposed to work, says Merryn Somerset Webb

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Britain is getting a pay rise as companies volunteer to pay staff more

We wondered if 2014 would be a year of rising wages. And, while it didn't start out that way, it did end on a good note: by the last quarter of the year real wages were rising across the board. ONS numbers had confirmed what we rather expected that anyone who had managed to stay in full time work since 2007 has had rather a good crisis (see my post on it here).

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Merryn Somerset Webb

Merryn Somerset Webb started her career in Tokyo at public broadcaster NHK before becoming a Japanese equity broker at what was then Warburgs. She went on to work at SBC and UBS without moving from her desk in Kamiyacho (it was the age of mergers).

After five years in Japan she returned to work in the UK at Paribas. This soon became BNP Paribas. Again, no desk move was required. On leaving the City, Merryn helped The Week magazine with its City pages before becoming the launch editor of MoneyWeek in 2000 and taking on columns first in the Sunday Times and then in 2009 in the Financial Times

Twenty years on, MoneyWeek is the best-selling financial magazine in the UK. Merryn was its Editor in Chief until 2022. She is now a senior columnist at Bloomberg and host of the Merryn Talks Money podcast -  but still writes for Moneyweek monthly. 

Merryn is also is a non executive director of two investment trusts – BlackRock Throgmorton, and the Murray Income Investment Trust.