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