Average weekly earnings including bonuses in the UK increased 4.9% year-on-year to GBP 586 in the three months to October 2021, the smallest gain in seven months but above market forecasts of 4.6%. Wages in the private sector rose 5.4% and in the public 2.7%. Regular pay which excludes bonus payment went up 4.3%, above forecasts of 4.6%. source: Office for National Statistics
Wage Growth in the United Kingdom averaged 2.95 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 January of 2022.
Wage Growth in the United Kingdom is expected to be 4.10 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 4.00 percent in 2022 and 2.30 percent in 2023, according to our econometric models.