Average Salary Increase For 2024 Uk. The national living wage will rise to over £11 an hour from april 2024, based on the low pay commission's recommendations. Uk salaries are forecast to increase by 1.3% in 2024 in real terms as uk businesses expect to repeat a higher than usual nominal pay increase of 5%, according to the.

The median monthly earnings in the uk were £2,334 in january 2024, an increase of 6.4% from 2023. A survey of uk employers by reward management consultancy paydata found that employers are expected to scale back their pay awards slightly in 2024 as inflation falls.