Wage growth in the UK hits highest levels in a decade

Employment & Skills | Funding | Growth | Latest News

Wages in the UK excluding bonuses rose by 3.1%, compared to the same three month period last year, in what has been described as its fastest growth in nearly 10 years, according to new statistics from The Office for National Statistics (ONS).

The study, which showed results over a three month period to August, also showed that UK unemployment remained unchanged at 4%, falling by 47,000 to 1.36 million in the three months to August, with the inflation rate standing at 2.5%.

In a statement, David Freeman, the ONS’s head of labour market, said: “People’s regular monthly wage packets grew at their strongest rate in almost a decade, but, allowing for inflation, the growth was much more subdued.

“The number of people in work remained at a near-record high, while the unemployment rate was at its lowest since the mid-1970s.”

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