Regular pay in the UK, excluding bonuses, rose 3.8% year-on-year to GBP 690 per week in the three months to January 2026, slowing from a marginally revised 4.1% gain in the previous period and falling short of market expectations of 4%. It was the weakest increase since the three months to November 2020, with private sector wages slowing slightly to 3.3% from 3.4%, the lowest since late 2020. Also, public sector pay slowed to 5.9% from the prior 7.2%, the weakest since mid-2025. By industry, annual gains were seen in wholesale, retail, hotels, and restaurants (4.8%), manufacturing (3.9%), services (3.9%), construction (2.0%), and finance and business services (2.0%). Adjusted for inflation, real wages rose 0.4% in the three months to January, following a 0.5% gain in the previous period, the lowest since mid-2023. source: Office for National Statistics
Average Earnings Excluding Bonus in the United Kingdom decreased to 3.80 percent in January from 4.10 percent in December of 2025. Average Earnings Excluding Bonus in the United Kingdom averaged 3.38 percent from 2001 until 2026, reaching an all time high of 7.90 percent in August of 2023 and a record low of -0.20 percent in June of 2020. This page includes a chart with historical data for the United Kingdom Average Earnings Excluding Bonus YoY. United Kingdom Average Earnings Excluding Bonuses YoY - data, historical chart, forecasts and calendar of releases - was last updated on March of 2026.
Average Earnings Excluding Bonus in the United Kingdom decreased to 3.80 percent in January from 4.10 percent in December of 2025. Average Earnings Excluding Bonus in the United Kingdom is expected to be 3.70 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 Earnings Excluding Bonuses YoY is projected to trend around 2.30 percent in 2027 and 2.20 percent in 2028, according to our econometric models.