100+ datasets found
  1. Average annual earnings for full-time employees in the UK 1999-2024

    • statista.com
    • flwrdeptvarieties.store
    Updated Dec 6, 2024
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    Statista (2024). Average annual earnings for full-time employees in the UK 1999-2024 [Dataset]. https://www.statista.com/statistics/1002964/average-full-time-annual-earnings-in-the-uk/
    Explore at:
    Dataset updated
    Dec 6, 2024
    Dataset authored and provided by
    Statistahttp://statista.com/
    Time period covered
    1999 - 2024
    Area covered
    United Kingdom
    Description

    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 2024 Between November 2021 and July 2023 inflation was higher than wage growth in the UK, with wages still outpacing inflation as of April 2024. 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 is forecast to fall to 2.2 percent in 2024, and 1.5 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.

  2. Average annual earnings for full-time employees in the UK 2024, by region

    • statista.com
    Updated Dec 6, 2024
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    Statista (2024). Average annual earnings for full-time employees in the UK 2024, by region [Dataset]. https://www.statista.com/statistics/416139/full-time-annual-salary-in-the-uk-by-region/
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    Dataset updated
    Dec 6, 2024
    Dataset authored and provided by
    Statistahttp://statista.com/
    Time period covered
    2024
    Area covered
    United Kingdom
    Description

    The median annual earnings in the United Kingdom was 37,430 British pounds per year in 2024. Annual earnings varied significantly by region, ranging from 47,455 pounds in London to 32,960 pounds in the North East. Along with London, two other areas of the UK had median annual earnings above the UK average; South East England, and Scotland, at 39,038 pounds and 38,315 pounds respectively. Regional Inequality in the UK Various other indicators highlight the degree of regional inequality in the UK, especially between London and the rest of the country. Productivity in London, as measured by output per hour, was 33.2 percent higher than the UK average. By comparison, every other UK region, except the South East, fell below the UK average for productivity. In gross domestic product per head, London was also an outlier. The average GDP per head in the UK was 31,947 pounds in 2021, but for London it was 56,431 pounds. Again, the South East's GDP per head was slightly above the UK average, with every other region below it. Within London itself, there is also a great degree of inequality. In 2021, for example, the average earnings in the historic City of London borough were 1,138 pounds per week, compared with 588 pounds in Redbridge, a borough in the North East of London. Wages finally catch up with inflation in 2023 After the initial economic disruption caused by the COVID-19 pandemic subsided, wages began to steadily grow in the UK. This reached a peak in June 2021, when weekly wages for regular pay were growing at 7.3 percent, or 5.2 percent when adjusted for inflation. By that November, however, prices began to rise faster than wage growth, with inflation surging throughout 2022. In October 2022, for example, while regular pay was growing by 6.1 percent, the inflation rate had surged to 11.1 percent, Although inflation peaked in that month, it wasn't until June 2023 that wages started to outpace inflation. By this point, the damage caused by high energy and food inflation has precipitated the worst Cost of Living Crisis in the UK for a generation.

  3. Average monthly pay of employees in the UK in 2025, by percentile

    • statista.com
    Updated Nov 13, 2024
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    Statista (2024). Average monthly pay of employees in the UK in 2025, by percentile [Dataset]. https://www.statista.com/statistics/1224844/monthly-pay-of-employees-uk/
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    Dataset updated
    Nov 13, 2024
    Dataset authored and provided by
    Statistahttp://statista.com/
    Time period covered
    Jan 2025
    Area covered
    United Kingdom
    Description

    In January 2025, the top one percent of earners in the United Kingdom received an average pay of 15,882 British pounds per month, compared with the bottom 10 percent of earners who earned 813 pounds a month.

  4. X09: Real average weekly earnings using consumer price inflation (seasonally...

    • ons.gov.uk
    • cy.ons.gov.uk
    xlsx
    Updated Mar 20, 2025
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    Office for National Statistics (2025). X09: Real average weekly earnings using consumer price inflation (seasonally adjusted) [Dataset]. https://www.ons.gov.uk/employmentandlabourmarket/peopleinwork/earningsandworkinghours/datasets/x09realaverageweeklyearningsusingconsumerpriceinflationseasonallyadjusted
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    xlsxAvailable download formats
    Dataset updated
    Mar 20, 2025
    Dataset provided by
    Office for National Statisticshttp://www.ons.gov.uk/
    License

    Open Government Licence 3.0http://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/
    License information was derived automatically

    Description

    Average weekly earnings for the whole economy, for total and regular pay, in real terms (adjusted for consumer price inflation), UK, monthly, seasonally adjusted.

  5. EARN06: Gross weekly earnings by occupation

    • ons.gov.uk
    • cy.ons.gov.uk
    xls
    Updated Feb 18, 2025
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    Office for National Statistics (2025). EARN06: Gross weekly earnings by occupation [Dataset]. https://www.ons.gov.uk/employmentandlabourmarket/peopleinwork/earningsandworkinghours/datasets/grossweeklyearningsbyoccupationearn06
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    xlsAvailable download formats
    Dataset updated
    Feb 18, 2025
    Dataset provided by
    Office for National Statisticshttp://www.ons.gov.uk/
    License

    Open Government Licence 3.0http://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/
    License information was derived automatically

    Description

    Gross weekly and hourly earnings by level of occupation, UK, quarterly, not seasonally adjusted. Labour Force Survey. These are official statistics in development.

  6. Table 3.1a Percentile points from 1 to 99 for total income before and after...

    • gov.uk
    Updated Mar 12, 2025
    + more versions
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    Table 3.1a Percentile points from 1 to 99 for total income before and after tax [Dataset]. https://www.gov.uk/government/statistics/percentile-points-from-1-to-99-for-total-income-before-and-after-tax
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    Dataset updated
    Mar 12, 2025
    Dataset provided by
    GOV.UKhttp://gov.uk/
    Authors
    HM Revenue & Customs
    Description

    The table only covers individuals who have some liability to Income Tax. The percentile points have been independently calculated on total income before tax and total income after tax.

    These statistics are classified as accredited official statistics.

    You can find more information about these statistics and collated tables for the latest and previous tax years on the Statistics about personal incomes page.

    Supporting documentation on the methodology used to produce these statistics is available in the release for each tax year.

    Note: comparisons over time may be affected by changes in methodology. Notably, there was a revision to the grossing factors in the 2018 to 2019 publication, which is discussed in the commentary and supporting documentation for that tax year. Further details, including a summary of significant methodological changes over time, data suitability and coverage, are included in the Background Quality Report.

  7. Average weekly earnings for full-time employees in the UK 1997-2024

    • statista.com
    Updated Dec 16, 2024
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    Statista (2024). Average weekly earnings for full-time employees in the UK 1997-2024 [Dataset]. https://www.statista.com/statistics/800544/gross-weekly-earnings-for-full-time-employees-in-the-uk/
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    Dataset updated
    Dec 16, 2024
    Dataset authored and provided by
    Statistahttp://statista.com/
    Time period covered
    1999 - 2024
    Area covered
    United Kingdom
    Description

    The average weekly earnings for full-time workers in the United Kingdom was around 728.3 British pounds a week in 2024, an increase on the previous year, when it was 681.7 pounds a week.

  8. Average weekly earnings time series

    • ons.gov.uk
    • cy.ons.gov.uk
    csdb, csv, xlsx
    Updated Mar 20, 2025
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    Office for National Statistics (2025). Average weekly earnings time series [Dataset]. https://www.ons.gov.uk/employmentandlabourmarket/peopleinwork/earningsandworkinghours/datasets/averageweeklyearnings
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    xlsx, csdb, csvAvailable download formats
    Dataset updated
    Mar 20, 2025
    Dataset provided by
    Office for National Statisticshttp://www.ons.gov.uk/
    License

    Open Government Licence 3.0http://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/
    License information was derived automatically

    Description

    Average weekly earnings, UK, monthly.

  9. U

    United Kingdom Monthly Earnings

    • ceicdata.com
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    CEICdata.com, United Kingdom Monthly Earnings [Dataset]. https://www.ceicdata.com/en/indicator/united-kingdom/monthly-earnings
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    Dataset provided by
    CEICdata.com
    License

    Attribution 4.0 (CC BY 4.0)https://creativecommons.org/licenses/by/4.0/
    License information was derived automatically

    Time period covered
    Dec 1, 2023 - Nov 1, 2024
    Area covered
    United Kingdom
    Description

    Key information about United Kingdom Monthly Earnings

    • United Kingdom Monthly Earnings stood at 3,592 USD in Nov 2024, compared with the previous figure of 3,694 USD in Oct 2024
    • UK Monthly Earnings data is updated monthly, available from Jan 2000 to Nov 2024, with an average number of 2,857 USD
    • The data reached the an all-time high of 3,707 USD in Sep 2024 and a record low of 1,817 USD in Sep 2000

    CEIC calculates Monthly Earnings from Average Weekly Earnings multiplied by 4 and converts it into USD. Office for National Statistics provides Weekly Earnings in local currency. Federal Reserve Board average market Exchange Rate is used for currency conversions.


    Further information about United Kingdom Monthly Earnings

    • In the latest reports, UK Population reached 68 million people in Dec 2023
    • Unemployment Rate of UK dropped to 4 % in Oct 2023
    • The country's Labour Force Participation Rate dropped to 63 % in Oct 2023

  10. EARN03: Average weekly earnings by industry

    • ons.gov.uk
    • cy.ons.gov.uk
    xls
    Updated Mar 20, 2025
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    Office for National Statistics (2025). EARN03: Average weekly earnings by industry [Dataset]. https://www.ons.gov.uk/employmentandlabourmarket/peopleinwork/earningsandworkinghours/datasets/averageweeklyearningsbyindustryearn03
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    xlsAvailable download formats
    Dataset updated
    Mar 20, 2025
    Dataset provided by
    Office for National Statisticshttp://www.ons.gov.uk/
    License

    Open Government Licence 3.0http://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/
    License information was derived automatically

    Description

    Average weekly earnings at industry level including manufacturing, construction and energy, Great Britain, monthly, non-seasonally adjusted. Monthly Wages and Salaries Survey.

  11. Earnings and hours worked, place of work by local authority: ASHE Table 7

    • ons.gov.uk
    • cy.ons.gov.uk
    zip
    Updated Oct 29, 2024
    + more versions
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    Office for National Statistics (2024). Earnings and hours worked, place of work by local authority: ASHE Table 7 [Dataset]. https://www.ons.gov.uk/employmentandlabourmarket/peopleinwork/earningsandworkinghours/datasets/placeofworkbylocalauthorityashetable7
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    zipAvailable download formats
    Dataset updated
    Oct 29, 2024
    Dataset provided by
    Office for National Statisticshttp://www.ons.gov.uk/
    License

    Open Government Licence 3.0http://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/
    License information was derived automatically

    Description

    Annual estimates of paid hours worked and earnings for UK employees by sex, and full-time and part-time, by work-based region to local and unitary authority level.

  12. EARN02: Average weekly earnings by sector

    • ons.gov.uk
    • cy.ons.gov.uk
    xls
    Updated Mar 20, 2025
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    Office for National Statistics (2025). EARN02: Average weekly earnings by sector [Dataset]. https://www.ons.gov.uk/employmentandlabourmarket/peopleinwork/earningsandworkinghours/datasets/averageweeklyearningsbysectorearn02
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    xlsAvailable download formats
    Dataset updated
    Mar 20, 2025
    Dataset provided by
    Office for National Statisticshttp://www.ons.gov.uk/
    License

    Open Government Licence 3.0http://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/
    License information was derived automatically

    Description

    Average weekly earnings at sector level including manufacturing, finance and services, Great Britain, monthly, non-seasonally adjusted. Monthly Wages and Salaries Survey.

  13. T

    United Kingdom Average Weekly Earnings Growth

    • tradingeconomics.com
    • sv.tradingeconomics.com
    • +17more
    csv, excel, json, xml
    Updated Mar 20, 2025
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    TRADING ECONOMICS (2025). United Kingdom Average Weekly Earnings Growth [Dataset]. https://tradingeconomics.com/united-kingdom/wage-growth
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    json, csv, excel, xmlAvailable download formats
    Dataset updated
    Mar 20, 2025
    Dataset authored and provided by
    TRADING ECONOMICS
    License

    Attribution 4.0 (CC BY 4.0)https://creativecommons.org/licenses/by/4.0/
    License information was derived automatically

    Time period covered
    Mar 31, 2001 - Jan 31, 2025
    Area covered
    United Kingdom
    Description

    Wages in the United Kingdom increased 5.80 percent in January 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.

  14. EARN01: Average weekly earnings

    • ons.gov.uk
    • cy.ons.gov.uk
    xls
    Updated Mar 20, 2025
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    Office for National Statistics (2025). EARN01: Average weekly earnings [Dataset]. https://www.ons.gov.uk/employmentandlabourmarket/peopleinwork/earningsandworkinghours/datasets/averageweeklyearningsearn01
    Explore at:
    xlsAvailable download formats
    Dataset updated
    Mar 20, 2025
    Dataset provided by
    Office for National Statisticshttp://www.ons.gov.uk/
    License

    Open Government Licence 3.0http://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/
    License information was derived automatically

    Description

    Average weekly earnings at sector level headline estimates, Great Britain, monthly, seasonally adjusted. Monthly Wages and Salaries Survey.

  15. T

    United Kingdom Real Average Weekly Earnings Excluding Bonuses

    • tradingeconomics.com
    • jp.tradingeconomics.com
    • +14more
    csv, excel, json, xml
    Updated Jun 23, 2022
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    TRADING ECONOMICS (2022). United Kingdom Real Average Weekly Earnings Excluding Bonuses [Dataset]. https://tradingeconomics.com/united-kingdom/real-earnings-excluding-bonuses
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    xml, csv, excel, jsonAvailable download formats
    Dataset updated
    Jun 23, 2022
    Dataset authored and provided by
    TRADING ECONOMICS
    License

    Attribution 4.0 (CC BY 4.0)https://creativecommons.org/licenses/by/4.0/
    License information was derived automatically

    Time period covered
    Jan 31, 2001 - Jan 31, 2025
    Area covered
    United Kingdom
    Description

    Real Earnings Excluding Bonuses in the United Kingdom decreased to 2.10 percent in January from 2.40 percent in December of 2024. This dataset includes a chart with historical data for the United Kingdom Real Average Weekly Earnings Excluding Bonuses.

  16. Average annual earnings for full-time employees in the UK 2024, by...

    • statista.com
    Updated Dec 16, 2024
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    Statista (2024). Average annual earnings for full-time employees in the UK 2024, by percentile [Dataset]. https://www.statista.com/statistics/416102/average-annual-gross-pay-percentiles-united-kingdom/
    Explore at:
    Dataset updated
    Dec 16, 2024
    Dataset authored and provided by
    Statistahttp://statista.com/
    Time period covered
    2024
    Area covered
    United Kingdom
    Description

    In 2024, the average annual full-time earnings for the top ten percent of earners in the United Kingdom was 72,150 British pounds, compared with 22,763 for the bottom ten percent of earners.

  17. Average weekly earning growth in the UK compared with inflation 2001-2024

    • flwrdeptvarieties.store
    • statista.com
    Updated Feb 18, 2025
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    Statista Research Department (2025). Average weekly earning growth in the UK compared with inflation 2001-2024 [Dataset]. https://flwrdeptvarieties.store/?_=%2Ftopics%2F9121%2Fcost-of-living-crisis-uk%2F%23zUpilBfjadnZ6q5i9BcSHcxNYoVKuimb
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    Dataset updated
    Feb 18, 2025
    Dataset provided by
    Statistahttp://statista.com/
    Authors
    Statista Research Department
    Area covered
    United Kingdom
    Description

    In the three months to December 2024, average weekly earnings in the United Kingdom grew by 5.9 percent, while pay including bonuses also grew by six percent, when compared with the same period in 2023. In the same month, the inflation rate for the Consumer Price Index was 2.5 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.

  18. Average weekly earning growth in the UK 2001-2025

    • flwrdeptvarieties.store
    • statista.com
    Updated Feb 18, 2025
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    Statista Research Department (2025). Average weekly earning growth in the UK 2001-2025 [Dataset]. https://flwrdeptvarieties.store/?_=%2Ftopics%2F9121%2Fcost-of-living-crisis-uk%2F%23zUpilBfjadnZ6q5i9BcSHcxNYoVKuimb
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    Dataset updated
    Feb 18, 2025
    Dataset provided by
    Statistahttp://statista.com/
    Authors
    Statista Research Department
    Area covered
    United Kingdom
    Description

    Wages in the United Kingdom grew by approximately 5.9 percent in January 2025, although when adjusted for inflation, wages only grew in real terms by 2.1 percent. When bonus pay is included in wage growth calculations, wages grew by 5.8 percent in nominal terms, and by 2.2 percent in real terms. 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 for 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.

  19. T

    United Kingdom Average Earnings Excluding Bonuses YoY

    • tradingeconomics.com
    • pt.tradingeconomics.com
    • +13more
    csv, excel, json, xml
    Updated Feb 18, 2025
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    TRADING ECONOMICS (2025). United Kingdom Average Earnings Excluding Bonuses YoY [Dataset]. https://tradingeconomics.com/united-kingdom/average-earnings-excluding-bonus
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    json, csv, excel, xmlAvailable download formats
    Dataset updated
    Feb 18, 2025
    Dataset authored and provided by
    TRADING ECONOMICS
    License

    Attribution 4.0 (CC BY 4.0)https://creativecommons.org/licenses/by/4.0/
    License information was derived automatically

    Time period covered
    Mar 31, 2001 - Jan 31, 2025
    Area covered
    United Kingdom
    Description

    Average Earnings Excluding Bonus in the United Kingdom remained unchanged at 5.90 percent in January. This dataset includes a chart with historical data for the United Kingdom Average Earnings Excluding Bonus YoY.

  20. Households below average income: for financial years ending 1995 to 2021

    • gov.uk
    • s3.amazonaws.com
    Updated May 24, 2022
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    Department for Work and Pensions (2022). Households below average income: for financial years ending 1995 to 2021 [Dataset]. https://www.gov.uk/government/statistics/households-below-average-income-for-financial-years-ending-1995-to-2021
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    Dataset updated
    May 24, 2022
    Dataset provided by
    GOV.UKhttp://gov.uk/
    Authors
    Department for Work and Pensions
    Description

    This statistical release has been affected by the coronavirus (COVID-19) pandemic. We advise users to consult our technical report which provides further detail on how the statistics have been impacted and changes made to published material.

    This Households Below Average Income (HBAI) report presents information on living standards in the United Kingdom year on year from financial year ending (FYE) 1995 to FYE 2021.

    It provides estimates on the number and percentage of people living in low-income households based on disposable income. Figures are also provided for children, pensioners and working-age adults.

    Use our infographic to find out how low income is measured in HBAI.

    Most of the figures in this report come from the Family Resources Survey, a representative survey of around 10,000 households in the UK.

    Data tables

    Summary data tables and publication charts are available on this page.

    The directory of tables is a guide to the information in the summary data tables and publication charts file.

    HBAI data on Stat-Xplore

    UK-level HBAI data is available from FYE 1995 to FYE 2020 on https://stat-xplore.dwp.gov.uk/webapi/jsf/login.xhtml" class="govuk-link">Stat-Xplore online tool. You can use Stat-Xplore to create your own HBAI analysis. Data for FYE 2021 is not available on Stat-Xplore.

    HBAI information is available at:

    • an individual level
    • a family level (benefit unit level)
    • a household level

    Read the user guide to HBAI data on Stat-Xplore.

    Feedback

    We are seeking feedback from users on this development release of HBAI data on Stat-Xplore: email team.hbai@dwp.gov.uk with your comments.

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Statista (2024). Average annual earnings for full-time employees in the UK 1999-2024 [Dataset]. https://www.statista.com/statistics/1002964/average-full-time-annual-earnings-in-the-uk/
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Average annual earnings for full-time employees in the UK 1999-2024

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12 scholarly articles cite this dataset (View in Google Scholar)
Dataset updated
Dec 6, 2024
Dataset authored and provided by
Statistahttp://statista.com/
Time period covered
1999 - 2024
Area covered
United Kingdom
Description

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 2024 Between November 2021 and July 2023 inflation was higher than wage growth in the UK, with wages still outpacing inflation as of April 2024. 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 is forecast to fall to 2.2 percent in 2024, and 1.5 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.

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