Yes, if you used percentage increases of 3.5%, 5.6% and 3% you'd spend the same amount each year and have the same headline figure. So 3.5% at 1 year, 9.3% at 2 year, 13.1% at 3 year.
Doing it this way makes it *look* as though you've got 4% at 1 year and 10.4% at 2 year and 13.1% at 3 year, but is cheaper than that would be.
It does overall seem to give the same final figure as 4.2% each year would give, so that's now at least roughly equivalent to UK average pay inflation, but that means it doesn't do anything to catch up the fact we've been below that for quite a large number of year.
no subject
Doing it this way makes it *look* as though you've got 4% at 1 year and 10.4% at 2 year and 13.1% at 3 year, but is cheaper than that would be.
It does overall seem to give the same final figure as 4.2% each year would give, so that's now at least roughly equivalent to UK average pay inflation, but that means it doesn't do anything to catch up the fact we've been below that for quite a large number of year.