Living Wage Individual in the United Kingdom increased to 895 GBP/Month in 2018 from 850 GBP/Month in 2017.

Living Wage Individual in the United Kingdom averaged 857.50 GBP/Month from 2015 until 2018, reaching an all time high of 900 GBP/Month in 2016 and a record low of 785 GBP/Month in 2015. United Kingdom Living Wage Individual - values, historical data and charts - was last updated on June of 2020.

Living Wage Individual in the United Kingdom is expected to reach 877.10 GBP/Month by the end of 2020, according to Trading Economics global macro models and analysts expectations. In the long-term, the United Kingdom Living Wage Individual is projected to trend around 891.13 GBP/Month in 2021 and 908.96 GBP/Month in 2022, according to our econometric models.

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United Kingdom Living Wage Individual

Actual Previous Highest Lowest Dates Unit Frequency
895.00 850.00 900.00 785.00 2015 - 2018 GBP/Month yearly

United Kingdom Labour Last Previous Highest Lowest Unit
Unemployment Rate 3.90 4.00 12.00 3.40 percent [+]
Employed Persons 33144.00 33073.00 33144.00 23630.00 Thousand [+]
Unemployed Persons 2096.60 1240.10 3090.00 422.60 Thousand [+]
Part Time Employment 8692.00 8618.00 8704.00 5995.00 Thousand [+]
Full Time Employment 24453.00 24455.00 24463.00 19136.00 Thousand [+]
Employment Rate 76.60 76.60 76.60 65.60 percent [+]
Claimant Count Change 856.50 12.10 856.50 -98.50 Thousand [+]
Labor Force Participation Rate 79.80 79.80 79.80 74.10 percent [+]
Long Term Unemployment Rate 0.80 0.90 4.30 0.80 percent [+]
Youth Unemployment Rate 11.40 11.30 22.30 9.70 percent [+]
Labour Costs 109.70 109.00 109.70 20.90 points [+]
Productivity 100.70 101.80 101.80 42.40 points [+]
Job Vacancies 637.00 794.00 855.00 432.00 Thousand [+]
Wages 540.00 544.00 546.00 300.00 GBP/Week [+]
Wages in Manufacturing 614.00 620.00 622.00 356.00 GBP/Week [+]
Wage Growth 2.40 2.80 6.70 -2.70 percent [+]
Minimum Wages 8.72 8.21 8.72 5.05 GBP/Hour [+]
Population 66.65 66.27 66.65 52.20 Million [+]
Retirement Age Women 65.50 65.00 65.50 60.00 [+]
Retirement Age Men 65.50 65.00 65.50 65.00 [+]
Living Wage Family 1300.00 1230.00 1300.00 1180.00 GBP/Month [+]
Living Wage Individual 895.00 850.00 900.00 785.00 GBP/Month [+]
Wages Low Skilled 1320.00 1180.00 1320.00 1180.00 GBP/Month [+]
Wages High Skilled 2330.00 2110.00 2460.00 2110.00 GBP/Month [+]
Average Weekly Hours 31.40 31.80 33.50 31.30 Hours [+]
Employment Change 211.00 172.00 311.00 -279.00 Thousand [+]


United Kingdom Living Wage Individual
WageIndicator Living Wage computations are based on the cost of living for a predefined food basket derived from the FAO database distinguishing 50 food groups with national food consumption patterns in per capita units, for housing and for transportation, with a margin for unexpected expenses. The data about prices of these items is collected through an online survey.