Average weekly earnings including bonuses in the UK increased 7.2% year-on-year to GBP 581 in the three months to August 2021, easing from an 8.3% rise in the previous period but above market forecasts of 7%. Wages in the private sector rose 8.3% and in the public 2.5%. Regular pay which excludes bonus payment went up 6%. Annual growth in average employee pay is being affected by temporary factors that have inflated the increase in the headline growth rate: base effects where the latest months are now compared with low base periods when earnings were first affected by the coronavirus pandemic, and compositional effects where there has been a fall in the number and proportion of lower-paid employee jobs, therefore increasing average earnings. source: Office for National Statistics
Wage Growth in the United Kingdom averaged 2.91 percent from 2001 until 2021, reaching an all time high of 8.80 percent in June of 2021 and a record low of -2.70 percent in March of 2009. This page 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. United Kingdom Average Weekly Earnings Growth - data, historical chart, forecasts and calendar of releases - was last updated on October of 2021.
Wage Growth in the United Kingdom is expected to be 3.60 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the United Kingdom Average Weekly Earnings Growth is projected to trend around 2.80 percent in 2022 and 2.20 percent in 2023, according to our econometric models.