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UK average earnings including bonus/excluding bonus

AnalyticsTrade Team
AnalyticsTrade Team Last updated on 26 Apr 2023

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UK Average Earnings Including/Excluding Bonus

UK average earnings are a measure of the average salary of all employees in the United Kingdom. This figure is calculated by taking the total amount of wages paid to employees in the UK and dividing it by the total number of employees. The figure is usually reported on a monthly or annual basis. The figure can be reported with or without bonuses, depending on the purpose of the report.

History of UK Average Earnings

The UK has been tracking average earnings since the late 19th century. The first official report of average earnings was published in 1891 by the Board of Trade. Since then, the UK has been regularly publishing reports on average earnings, which are used to measure the health of the economy and the performance of the labour market. The reports are also used to inform government policy decisions.

Comparison of UK Average Earnings

Year Average Earnings (Including Bonus) Average Earnings (Excluding Bonus)
2020 £30,717 £29,845
2019 £29,845 £29,093
2018 £28,945 £28,220

Summary

UK average earnings are a measure of the average salary of all employees in the United Kingdom. This figure is calculated by taking the total amount of wages paid to employees in the UK and dividing it by the total number of employees. The figure can be reported with or without bonuses, depending on the purpose of the report. For more information about UK average earnings, visit the Office for National Statistics website or the UK Government website.

See Also

  • Gross Domestic Product (GDP)
  • Unemployment Rate
  • Inflation Rate
  • Consumer Price Index (CPI)
  • Retail Price Index (RPI)
  • Average Weekly Earnings
  • Average Hourly Earnings
  • National Living Wage
  • Minimum Wage
  • Living Wage

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