Best Recruitment Insurance

UK wage growth is on the rise

It’s the kind of news we all like to hear - UK total pay average has increased by 2.6% in the last year

Average wage growth

The official figures from the Office for National Statistics (ONS) show that the UK’s total average pay rose by more than had been expected between May and July 2017 and the same three-month period up to July 2018.

Analysts in the City of London had predicted a lesser rise of 2.4%, which is the same percentage that pay had increased the year before, between July 2016 and July 2017. Pay (with volatile bonuses excluded from the figures) was up 2.9%.

In fact, in the month of July alone this year, UK regular pay had increased by 3.1% – this is the fastest increase seen since three years before. A record increase in both speed and numbers.

The Bank of England had predicted that inflationary pressure will follow a further decrease in slack in the UK economy, meaning that this recent study will reassure them that their judgement was correct. In August this year, the Bank of England increased their interest rates to 0.75% on the assumption that wages would increase this year by 2.5%, eventually growing to 3.25% in 2019.

Andrew Wishart, of Capital Economics, has stated that the latest labour market statistics are beginning to show that competition for workers has been seen to increase their wages at last. Mr Wishart commented that this increase in the UK average wage will continue to grow at a rate of around 3% for the rest of this year.

Employment growth

The Office for National Statistics have also provided recent findings to prove that the UK’s employment growth is starting to level off – with numbers rising by only 3000 this quarter.

And yet the UK employment rate is still at 75.5%, almost the highest number on record, while the percentage of unemployed remained at 4.1%.

David Freeman of the Office for National Statistics has said that the number of Brits who are currently in work has barely changed, so the growth of the employment rate is less impressive.

Yet the UK is experiencing a strong labour market at the moment, with this historically high employment rate, in addition to the reduced unemployment between this year and last, plus an incredibly high number of job vacancies. The UK employment market is in a decent state.

Recruiters love this COMPLETE set of Accredited Recruitment & HR Training – View Training Brochure


  1. [* Shield plugin marked this comment as “0”. Reason: Human SPAM filter found “help.htm” in “url” *]
    If you are still in a dilemma, you could ask your teacher for some guidance, or you can take Assignment help from different assignment writing service providers. There you can find many online experts, who are all set to help you in your assignment. The proper outline followed by them will give you an idea of how to make your assignment look more presentable and attractive.

  2. Students Assignment Help holds the dedicated team of professional writers providing expert assignment help to the students. Our writing helps experts have enough knowledge and understanding to assist students. Our Writes are highly educated from the top universities around the world.

  3. [* Shield plugin marked this comment as “0”. Reason: Human SPAM filter found “dissertation-writing” in “url” *]
    The qualified assignment writers online at present its excellent dissertation help ireland services for all the students studying in Ireland universities. Look no further and grab our academic help today!

  4. The article you have shared here very awesome. I really like and appreciated your work. I read deeply your article, the points you have mentioned in this article are useful

  5. Get Online Assignment Writer service in students assignment help in the UAE and get the benefit of free revisions and plagiarism services all from one place. You don’t need to worry about content quality.

  6. [* Shield plugin marked this comment as “0”. Reason: Human SPAM filter found “100% plagiaris” in “comment_content” *]
    Allassignmenthelp is a web portal where students get assignment help for all the subjects, with the help of our experts. You will get 100% plagiarism free assignment. Expert’s consultation is also available for students. If they have any query they can contact with our experts anytime.

  7. [* Shield plugin marked this comment as “0”. Reason: Human SPAM filter found “paper writing service” in “comment_content” *]
    Paper writing work is very important and very authentic work. It needs a high knowledge of the subject. Students assignment help offers this paper writing service from its experts that provide paper writing help USA service by 24*7.

  8. We provide law assignment help service. Fast service provides our customers. We have many experts to write an assignment and they think different ideas for writing. Buy our service online at

  9. [* Shield plugin marked this comment as “0”. Reason: Human SPAM filter found “informative post” in “comment_content” *]
    Hi there, I found your blog via Google while searching for such kinda informative post and your post looks very interesting for me.

Comment on this story

Your email address will not be published. Required fields are marked *


Join the BIoR to be part of creating excellence in recruiting standards & service

Send this to a friend