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OurWorld…passionate about business01-Dec-08
Welcome to UK Trade & Investment today

UK wage inflation low

Office for National Statistics data released this week suggests the UK still boasts competitive labour costs.

By Jessica Healy, OurWorld Editor

British median gross weekly earnings in 2005 were US$744.

Increases minimal

The median increased by only 2.8% on 2004 figures.

Working hours

The survey also found that the average full-time employee works 39.4 hours per week.

23.9% of employees work overtime.

Regional variation

There were wide variations in weekly earnings across the UK.

Employees in London earned 29% more than the national average whilst employees in the North East earned 10% less than the national average.

The data comes from the recently published 'Annual Survey of Hours & Earnings' produced by the Office for National Statistics.

Read more about the Survey here



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