United Kingdom Wage Growth

Last Release

Dec 31, 2024

Actual

Units In

5.6

Frequency

Monthly

Next Release

N/A

Time to Release

N/A

Highest	Lowest	Average	Date Range	Source
8.8 Jun 2021	-2.7 Mar 2009	3.34 %	2001-2024	Office for National Statistics

In the United Kingdom, wage growth refers to changes in average weekly earnings, before tax and other deductions and including bonuses.

Latest Updates

Average weekly earnings in the UK, including bonuses, rose by 6.0% year-on-year to GBP 710/week in the three months to December 2024, marking the highest increase in 13 months. This followed a 5.5% rise in the previous period and slightly exceeded market forecasts of 5.9%. Pay growth accelerated in both the private sector (6.3% vs. 5.8%) and the public sector (4.8% vs. 4.2%). Adjusted for inflation, total earnings increased by 2.5%, up from 2.4% in the three months to November.