Interim payment.
The unions have expressed their disappointment that UCEA has instructed its member institutions to impose an interim payment of the 2023/24 pay increase, which is likely to take place in March (backdated to February).
The payment will add £1,000 or 2% whichever is greater, to all the National Pay Spine points. This is despite nothing yet having been agreed on pay. The unions will continue to make this clear in negotiations.
Funding for the interim payment comes, interestingly, from savings made by the HE sector when Liz Truss cancelled increases to their National Insurance contributions set up by the previous PM.