Oh boy that's a biggie here. Last year the raise given for "exceeds" was around 1% - 3%. For comparison, inflation is running at about 5% in the UK, so effectively if you work as hard as you can, you still get a pay cut.

Currently, I'm interviewing new hires who will be roughly a paygrade below me. They will start with a 10% higher salary than my current.

Needless to say, I'm not a happy bunny. Sadly, there aren't that many software companies here, so I can't easily move jobs.