The median hourly earnings for full-time employees in the United Kingdom was 17.48 British pounds in 2023, compared with 16.40 pounds in the previous year. At the start of this provided time period, in 1997, the average hourly wage in the UK was 7.92 pounds per hour, rising to more than ten pounds per hour by 2003, and above 15 pounds per hour by 2020.
Minimum and living wage in the UK
In the United Kingdom, employers are expected to pay their employees a minimum wage that is determined by how old they are. Under 18s for example, had a minimum wage of 5.28 British pounds in 2023, with the figure increasing to 7.49 pounds those aged 18 to 20, 10.18 for 21 to 22 year old's, and 10.42 for those aged 23 and over. There is also a voluntarily paid living Wage that employers can choose to pay their workers. For the 2023/24 financial year this was twelve pounds an hour, rising to 13.15 pounds an hour for workers based in London.
Icelandic the highest earners in Europe
Iceland had the highest average annual wage in the Europe in 2022 at around 79,500 U.S dollars. This was followed by Luxembourg at 78,300 dollars, Switzerland at 72,990 and Belgium at 64,850 dollars. The United Kingdom’s average annual wage amounted to around 53,985 U.S dollars in the same year. In this year, the country with the lowest annual salary in Europe was Greece, at 25,980 pounds per year.
Median hourly earnings for full-time employees in the United Kingdom from 1997 to 2023
(in nominal GBP)
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Office for National Statistics (UK). (November 1, 2023). Median hourly earnings for full-time employees in the United Kingdom from 1997 to 2023 (in nominal GBP) [Graph]. In Statista. Retrieved October 08, 2024, from https://www.statista.com/statistics/280687/full-time-hourly-wage-uk/
Office for National Statistics (UK). "Median hourly earnings for full-time employees in the United Kingdom from 1997 to 2023 (in nominal GBP)." Chart. November 1, 2023. Statista. Accessed October 08, 2024. https://www.statista.com/statistics/280687/full-time-hourly-wage-uk/
Office for National Statistics (UK). (2023). Median hourly earnings for full-time employees in the United Kingdom from 1997 to 2023 (in nominal GBP). Statista. Statista Inc.. Accessed: October 08, 2024. https://www.statista.com/statistics/280687/full-time-hourly-wage-uk/
Office for National Statistics (UK). "Median Hourly Earnings for Full-time Employees in The United Kingdom from 1997 to 2023 (in Nominal Gbp)." Statista, Statista Inc., 1 Nov 2023, https://www.statista.com/statistics/280687/full-time-hourly-wage-uk/
Office for National Statistics (UK), Median hourly earnings for full-time employees in the United Kingdom from 1997 to 2023 (in nominal GBP) Statista, https://www.statista.com/statistics/280687/full-time-hourly-wage-uk/ (last visited October 08, 2024)
Median hourly earnings for full-time employees in the United Kingdom from 1997 to 2023 (in nominal GBP) [Graph], Office for National Statistics (UK), November 1, 2023. [Online]. Available: https://www.statista.com/statistics/280687/full-time-hourly-wage-uk/