Finance

UK regular pay rises by annual 4.8% in three months to September

Published by Uma Rajagopal

Posted on November 12, 2024

1 min read

· Last updated: January 28, 2026

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Graph showing UK regular pay rise of 4.8% in September 2023 - Global Banking & Finance Review
This image illustrates the recent 4.8% rise in UK regular pay for the three months to September 2023, highlighting key economic trends in the finance sector.
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LONDON (Reuters) – British average weekly earnings, excluding bonuses, were 4.8% higher in the three months to the end of September than a year earlier, the Office for National Statistics said on Tuesday. Economists polled by Reuters had mostly forecast regular wage growth of 4.7%. (Reporting by Andy Bruce and David Milliken; editing by […]

LONDON (Reuters) – British average weekly earnings, excluding bonuses, were 4.8% higher in the three months to the end of September than a year earlier, the Office for National Statistics said on Tuesday.

Economists polled by Reuters had mostly forecast regular wage growth of 4.7%.

(Reporting by Andy Bruce and David Milliken; editing by Sarah Young)

Frequently Asked Questions

What is average weekly earnings?
Average weekly earnings refer to the total amount of money earned by workers in a week, typically calculated as a mean figure across various sectors, excluding bonuses.
What is wage growth?
Wage growth is the increase in the average pay that workers receive over a specific period, often expressed as a percentage increase compared to previous earnings.
What is the Office for National Statistics?
The Office for National Statistics (ONS) is the UK’s largest independent producer of official statistics, providing essential data about the economy, society, and population.

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