The median annual earnings for full-time employees in the United Kingdom was approximately 37,430 British pounds in 2024, compared with 34,963 pounds in the previous year. At the start of the provided time period, in 1999, the average full-time salary in the UK was 17,803 pounds per year, with median earnings exceeding 20,000 pounds per year in 2002, and 30,000 by 2019. Wages continue to grow faster than inflation in 2025 Between November 2021 and July 2023 inflation was higher than wage growth in the UK, with wages still outpacing inflation as of March 2025. At the peak of the recent wave of high inflation in October 2022, the CPI inflation rate reached a 41-year-high of 11.1 percent, wages were growing much slower at 6.1 percent. Since that peak, inflation remained persistently high for several months, only dropping below double figures in April 2023, when inflation was 8.7 percent, down from 10.1 percent in the previous month. For 2023 as a whole, the average annual rate of inflation was 7.3 percent but fell to 2.5 percent in 2024, but is forecast to increase to 3.2 percent in 2025. Highest and lowest-paid occupations As of 2023, the highest-paid occupation in the UK was that of Chief Executives and Senior Officials, who had an average weekly pay of approximately, 1,576 pounds. By contrast, the lowest-paid occupation that year was that of retail cashiers, and check-out operators, who earned approximately 383 pounds a week. For industry sectors as a whole, people who worked full-time in the electricity, gas, steam and air conditioning supply sector had the highest average earnings, at 955 pounds a week, compared with 505 pounds a week in the accommodation and food services sector, the lowest average earnings in 2023.

Wages in the United Kingdom increased 5 percent in May of 2025 over the same month in the previous year. This dataset provides the latest reported value for - United Kingdom Average Weekly Earnings Growth - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

In the three months to April 2025, average weekly earnings in the United Kingdom grew by 5.2 percent, while pay including bonuses grew by 5.3 percent, when compared with the same period leading to April 2024. In the same month, the inflation rate for the Consumer Price Index was 3.5 percent, indicating that wages were rising faster than prices that month. Average salaries in the UK In 2024, the average salary for full-time workers in the UK was 37,430 British pounds a year, up from 34,963 in the previous year. In London, the average annual salary was far higher than the rest of the country, at 47,455 pounds per year, compared with just 32,960 in North East England. There also still exists a noticeable gender pay gap in the UK, which was seven percent for full-time workers in 2024, down from 7.5 percent in 2023. Lastly, the monthly earnings of the top one percent in the UK was 15,887 pounds as of November 2024, far higher than even that of the average for the top five percent, who earned 7,641 pounds per month, while pay for the lowest 10 percent of earners was just 805 pounds per month. Waves of industrial action in the UK One of the main consequences of high inflation and low wage growth throughout 2022 and 2023 was an increase in industrial action in the UK. In December 2022, for example, there were approximately 830,000 working days lost due to labor disputes. Throughout this month, workers across various industry sectors were involved in industrial disputes, such as nurses, train drivers, and driving instructors. Many of the workers who took part in strikes were part of the UK's public sector, which saw far weaker wage growth than that of the private sector throughout 2022. Widespread industrial action continued into 2023, with approximately 303,000 workers involved in industrial disputes in March 2023. There was far less industrial action by 2024, however, due to settlements in many of the disputes, although some are ongoing as of 2025.

Wages for regular pay in the United Kingdom grew by approximately 5.2 percent in April 2025, although when adjusted for inflation, wages for regular pay only grew in real terms by 1.4 percent. Twenty months of inflation outpacing wages Between November 2021 and June 2023 inflation was higher than wage growth in the UK, resulting in falling real terms earnings throughout this 20-month period. While UK inflation peaked at 11.1 percent in October 2022, it was not until April 2023 that it fell below double figures, and not until May 2024 that it reached the Bank of England's target of two percent. Forecasts from the Autumn 2024 budget predict that the annual UK inflation will for 2024 will be 2.5 percent, down from 7.3 percent in 2023 and 9.1 percent in 2022. Due to high inflation, the UK's minimum wage also rose quite significantly during this period, with the "main" rate increasing from 8.91 pounds per hour in 2021 to 12.21 pounds per hour in 2025. Average earnings and gender pay gap For full-time workers in the United Kingdom, the median average annual earnings was 37,430 British pounds in 2024, compared with 34,663 pounds in 2023. In London, average earnings were significantly higher than the rest of the country, at 47,455 pounds. Just two other areas of the United Kingdom, the South East and Scotland, had annual salaries above the UK average. North East England had the lowest average salary, at 32,960 pounds. As of 2024, the gender pay gap for median gross hourly earnings in the UK was 13.1 percent for all workers, falling to seven percent for full-time workers and -3 percent for part-time workers. Compared with 1997, when the gender pay gap was 27.5 percent for all workers, there has been a degree of progress, although, at current trends, it will be some time before the gap is closed entirely.

Wages in the United Kingdom increased to 722 GBP/Week in May from 720 GBP/Week in April of 2025. This dataset provides - United Kingdom Average Weekly Wages - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Average weekly earnings, UK, monthly.

In 2025, it is predicted that average earnings in the United Kingdom will increase by *** percent, compared with a growth rate of *** percent in 2024, and *** percent in 2023, the fastest average earnings growth in this time period. By contrast, average earnings did not grow at all in 2020, in the aftermath of the COVID-19 pandemic. Earnings vs inflation Although earnings grew at their fastest pace between 2021 and 2023 in this provided time period, this was offset by the period of very high inflation that occurred alongside it. This reached a peak of **** percent in October 2022, with inflation only reaching the typical target rate of *** percent in May 2024. Despite strong wage growth, the average UK worker saw their earnings fall relative to inflation between November 2021 and May 2023. As of January 2024, weekly wages in the UK were still growing faster than inflation, at *** percent for regular pay and *** percent for pay including bonuses. Full-time earnings reach over ****** GBP in 2024 Full-time employees in the United Kingdom earned an average annual salary of ****** British pounds in 2024, compared with just over ****** in the previous year. As of this year, men reported higher earnings than women did, with the UK reporting a gender pay gap of **** percent for 2024, compared with **** percent in 1997. Workers in their 40s had the highest average earnings by age group, at approximately ****** for men, and ****** for women. Although men earned more than women in all age groups, this gap was smallest among workers aged 18 to 21.

In March 2025, the top one percent of earners in the United Kingdom received an average pay of over 16,000 British pounds per month, compared with the bottom ten percent of earners who earned around 800 pounds a month.

For the 2025/26 financial year, the annual salary for Members of Parliament (MPs) in the United Kingdom was 93,904 British pounds. This marked an increase of around 2,558 pounds when compared with the previous year, when the annual salary was 91,346 pounds. In 2021/22, there was no increase in pay for MPs in the UK because of the COVID-19 pandemic, with the annual salary remaining at 81,932 pounds per year at that time. Comparison with average earnings In 2023, the median earnings for full-time workers in the UK was 34,963 pounds a year, meaning that MPs earned more than 50,000 pounds more than the average worker. The appropriate salary for MPs is a charged issue in the UK, especially with the country currently facing its worst Cost of Living Crisis in decades. As of January 2024, just over half of Britons were facing higher living costs than a year earlier, while 53 percent thought the economy was the main issue facing the country. MPs themselves are not responsible for deciding their pay, and since 2011, decisions regarding MPs pay and expenses lie with the Independent Parliamentary Standards Authority (IPSA). House of Commons demographics As of the last election most of the elected MPs were aged between 50 and 59, with only 21 of them in their twenties or younger. In terms of gender, there are almost two male MPs for every one woman, although this is a much higher than in 1979 when only 3 percent of MPs were women. Since 1987, the number of non-white MPs has increased from four Labour MPs to 65 in 2019, 41 Labour Party MPs, 22 Conservatives, and two who belong to the Liberal Democrats. With a 2024 general election likely, the composition of parliament is set to change significantly. Although a Labour majority is currently the most likely outcome based on recent polls, whichever party wins will probably lead the most ethnically diverse parliament in history, as well as the one with the highest number of female MPs.

United Kingdom Nominal Average Weekly Earnings: sa: Total Pay (TP): Whole Economy data was reported at 716.000 GBP in Feb 2025. This records an increase from the previous number of 711.000 GBP for Jan 2025. United Kingdom Nominal Average Weekly Earnings: sa: Total Pay (TP): Whole Economy data is updated monthly, averaging 461.000 GBP from Jan 2000 (Median) to Feb 2025, with 302 observations. The data reached an all-time high of 716.000 GBP in Feb 2025 and a record low of 299.809 GBP in Feb 2000. United Kingdom Nominal Average Weekly Earnings: sa: Total Pay (TP): Whole Economy data remains active status in CEIC and is reported by Office for National Statistics. The data is categorized under Global Database’s United Kingdom – Table UK.G083: Average Weekly Earnings: Seasonally Adjusted: SIC 2007 . Labour Force Estimates are shown for the mid-month of the three-month average time periods. For example, estimates for January to March 2012 are shown as 'February 2012', estimates for February to April 2012 are shown as 'March 2012', etc. [COVID-19-IMPACT]

Annual gender pay gap estimates for UK employees by age, occupation, industry, full-time and part-time, region and other geographies, and public and private sector. Compiled from the Annual Survey of Hours and Earnings.

United Kingdom Real Average Weekly Earnings: sa: Total Pay: Whole Economy data was reported at 528.000 GBP in Feb 2025. This records an increase from the previous number of 522.000 GBP for Jan 2025. United Kingdom Real Average Weekly Earnings: sa: Total Pay: Whole Economy data is updated monthly, averaging 489.588 GBP from Jan 2000 (Median) to Feb 2025, with 302 observations. The data reached an all-time high of 530.000 GBP in Oct 2024 and a record low of 411.427 GBP in Feb 2000. United Kingdom Real Average Weekly Earnings: sa: Total Pay: Whole Economy data remains active status in CEIC and is reported by Office for National Statistics. The data is categorized under Global Database’s United Kingdom – Table UK.G083: Average Weekly Earnings: Seasonally Adjusted: SIC 2007 . [COVID-19-IMPACT]

Real Earnings Including Bonuses in the United Kingdom increased to 0.40 percent in May from 0.30 percent in April of 2025. This dataset includes a chart with historical data for the United Kingdom Real Average Weekly Earnings Including Bonuses.

United Kingdom Nom Avg Weekly Earnings: sa: TP: Finance and Business Services data was reported at 944.000 GBP in Feb 2025. This records a decrease from the previous number of 951.000 GBP for Jan 2025. United Kingdom Nom Avg Weekly Earnings: sa: TP: Finance and Business Services data is updated monthly, averaging 593.500 GBP from Jan 2000 (Median) to Feb 2025, with 302 observations. The data reached an all-time high of 963.000 GBP in Dec 2024 and a record low of 338.028 GBP in Feb 2000. United Kingdom Nom Avg Weekly Earnings: sa: TP: Finance and Business Services data remains active status in CEIC and is reported by Office for National Statistics. The data is categorized under Global Database’s United Kingdom – Table UK.G083: Average Weekly Earnings: Seasonally Adjusted: SIC 2007 .

The voluntarily paid living wage in the United Kingdom for 2024/25 is 12.6 pounds per hour, with this rising to 13.85 pounds per hour for workers in London. For the same year the legal minimum wage for those over the age of 21 was 11.44 pounds per hour.

In April 2025, employees in the United Kingdom were earning a median pay of ***** British pounds per month, compared with ***** in the previous month.

In April 2025, the average weekly salary and bonuses of construction workers in the United Kingdom (UK) reached *** British pounds. This was higher than the salary in the same period of the previous year. The number of construction job vacancies in the UK in that quarter had an even sharper decline.

Renters in the UK spent on average 32.5 percent of their income on rent as of January 2025. Scotland and Yorkshire and Humber were the most affordable regions, with households spending less than 28 percent of their gross income on rent. Conversely, London, South West, and South East had a higher ratio. Greater London is the most expensive region for renters Greater London has a considerably higher rent than the rest of the UK regions. In 2024, the average rental cost in Greater London was more than twice higher than in the North West or West Midlands. Compared with Greater London, rent in the South East region was about 600 British pounds cheaper. London property prices continue to increase In recent years, house prices in the UK have been steadily increasing, and the period after the COVID-19 pandemic has been no exception. Prime residential property prices in Central London are forecast to continue rising until 2027. A similar trend in prime property prices is also expected in Outer London.

As of the first quarter of 2025, there were around 4.4 million self-employed workers in the United Kingdom. During this provided time period, self-employment in the UK has grown steadily, from 3.2 million in December 2000 to a peak of over five million at the end of 2019. After the COVID-19 pandemic, however, self-employment has fallen to levels not seen since the middle of 2015 and has struggled to recover to its pre-pandemic peak. Demographics of the self-employed There has consistently been more men self-employed than women in the UK, with recent figures showing that over 2.8 million men and over 1.5 million women were self-employed. As of 2024, the most likely age group to be self-employed were those aged 65 or over, with over a third of workers in this age group self-employed. In the same year, around 16.5 percent of workers in London were self-employed, compared with the UK average of 13.1 percent, making London the region with the highest rate of self-employment in the UK. Self-employment support scheme In response to the COVID-19 pandemic, the UK government unveiled various measures to mitigate the economic costs to businesses and individuals. For self-employed workers, this manifested itself as the Self-Employment Income-Support Scheme, which was in its third iteration, or tranche, by December 2020. During the first tranche, which ran from March to July, there were 2.7 million claims made in total, with claims to the second and third tranches numbering 2.4 million and 1.7 million, respectively. As of December 13, 2020, the overall value of these claims amounted to 14.5 billion British pounds.