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.

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.

Wages in the United Kingdom increased 5.50 percent in March 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.

Wages in the United Kingdom increased to 722 GBP/Week in March from 718 GBP/Week in February of 2025. This dataset provides - United Kingdom Average Weekly Wages - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Average Earnings Excluding Bonus in the United Kingdom decreased to 5.60 percent in March from 5.90 percent in February of 2025. This dataset includes a chart with historical data for the United Kingdom Average Earnings Excluding Bonus YoY.

In the three months to March 2025, average weekly earnings in the United Kingdom grew by 5.6 percent, while pay including bonuses grew by 5.5 percent, when compared with the same period leading to March 2024. In the same month, the inflation rate for the Consumer Price Index was 2.6 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.

Average weekly earnings, UK, monthly.

In April 2025, employees in the United Kingdom were earning a median pay of 2,521 British pounds per month, compared with 2,494 in the previous 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.

Real Earnings Excluding Bonuses in the United Kingdom decreased to 1.60 percent in March from 2.10 percent in February of 2025. This dataset includes a chart with historical data for the United Kingdom Real Average Weekly Earnings Excluding Bonuses.

In 2025, it is predicted that average earnings in the United Kingdom will increase by 4.3 percent, compared with a growth rate of 4.7 percent in 2024, and 7.6 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 11.1 percent in October 2022, with inflation only reaching the typical target rate of two 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 two percent for regular pay and 1.7 percent for pay including bonuses. Full-time earnings reach over 37,000 GBP in 2024 Full-time employees in the United Kingdom earned an average annual salary of 37,430 British pounds in 2024, compared with just over 34,963 in the previous year. As of this year, men reported higher earnings than women did, with the UK reporting a gender pay gap of 13.1 percent for 2024, compared with 27.5 percent in 1997. Workers in their 40s had the highest average earnings by age group, at approximately 56,000 for men, and 44,000 for women. Although men earned more than women in all age groups, this gap was smallest among workers aged 18 to 21.

This dataset provides values for WAGE GROWTH reported in several countries. The data includes current values, previous releases, historical highs and record lows, release frequency, reported unit and currency.

In February 2025, the average weekly salary and bonuses of construction workers in the United Kingdom (UK) reached 812 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.

Between 2018 and 2022, people in households in the ‘other’, Asian and black ethnic groups were the most likely to be in persistent low income, both before and after housing costs, out of all ethnic groups.

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.

From April 2025 onwards, the UK's main national minimum wage category, the national living wage, will rise to 12.21 pounds per hour, up from 11.44 pounds per hour in the previous financial year. This amount will apply to workers aged 21 and over, compared with 2022 and 2023 when it was only for workers aged 23 and over, and for those aged 25 and over between 2016 and 2021. The main minimum wage from 2010 to 2015 was the 21+ rate, and 22+ rate between 1999 and 2009. Evolution of the minimum wage Since its introduction in 1999, the minimum wage has had various rate categories, usually based on age. For the first five years, there were two categories, one for workers 18 to 21, and another for workers aged 22 and over. In 2004, a minimum wage for under 18s was introduced, and between 2010 and 2015 there were three rates based on age, and one for apprenticeships. Another age based-rate was added in 2016, but from 2024 onwards, the model will revert to four rate categories overall. In addition to the legal minimum wage, there is also a voluntary real living wage, which for 2024/25 is 12.6 pounds per hour, rising to 13.85 pounds per hour for workers in London. Wages continue to outpace inflation in 2024 Since July 2023, wages have grown faster than inflation in the UK with December 2024 seeing regular weekly earnings grow by 5.9 percent, compared with the CPI inflation rate of 2.5 percent that month. For almost two years between November 2021 and June 2023, wage growth struggled to keep up with inflation, with the biggest gap occurring in October 2022 when inflation peaked at 11.1 percent. The fall in real earnings in one of the most important factors in the UK's ongoing cost of living crisis. At the height of the crisis, around 91 percent of UK households were reporting a monthly increase in their cost of living, with this falling to 46 percent by March 2024.

As of 2023, the average annual wage of Germany was 48,301 euros per year, a growth of almost 6,000 Euros when compared with 2000. From 2000 until 2007, wages rose by less than a thousand euros, with wage growth accelerating mainly in the period after 2010. Comparisons with rest of the EU Within the European Union Luxembourg had an average annual salary of almost 80 thousand Euros, with Germany having an annual salary comparable to other large European Countries, such as the United Kingdom and France. In neighboring Poland, the average annual salary was just over 39 thousand U.S dollars, meaning that German’s earned, on average, 20 percent more than what their Polish counterparts did. German economy slowing in 2023 While Germany initially had one of the strongest recoveries from the 2008 financial crash and as of 2020 had the largest economy in Europe its economy has started to slow in recent years. For 2023 the German economy is contracted by 0.26 percent, and while 2024 marked a slight improvement, the expectations are that 2025 remains a year of slow growth.

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.