Bank and public holidays
Bank holidays are those created under the Banking and Financial Dealings Act 1971 and are days when financial dealings may be suspended.

This statistical note and data tool shows how average wages have changed over time by region of the UK and pay for different age groups.
Average earnings by age and region (89 KB , Excel Spreadsheet)
Summary tables provide data on earnings by gender and age group between 1997 and 2024 and by region between 2002 and 2024. More detailed data can be accessed using an Earnings data tool.
Median weekly pay for full-time employees in the UK was £728 at April 2024. After adjusting for inflation (to obtain figures “in real terms”), this is 2% lower than in 2010.
The chart shows the trend since 1997, adjusting for CPI inflation. The median is the point at which half of employees earn more and half earn less.
Source: ONS, Annual Survey of Hours and Earnings, 2024
Median weekly pay was highest for full-time employees living in London and lowest for those in the North East at April 2024.
Source: ONS, Annual Survey of Hours and Earnings, 2024
The East of England and London saw the largest falls in median full-time earnings over the period 2010 to 2024 after adjusting for price inflation (“in real terms”). Northern Ireland and Scotland saw the largest increases.
Source: ONS, Annual Survey of Hours and Earnings, 2024
Median weekly pay was highest for employees in their 40s at April 2024.
Source: ONS, Annual Survey of Hours and Earnings, 2024
Following the economic downturn in 2008, median earnings decreased in real terms across age groups. In April 2024, real median pay for 18-21 year olds was 9% higher than its 2008 level, but earnings for older age groups were lower than before the downturn.
Source: ONS, Annual Survey of Hours and Earnings, 2024
Source: ONS, Annual Survey of Hours and Earnings, 2024
Note the charts are not tracking a particular group of people over time. Rather they are comparing people, for example, aged 40-49 in 2024 with people aged 40-49 in 2008. Those aged 40-49 in 2008 will now be in their 50s and 60s, while those aged 40-49 in 2023 would have been in their 20s and 30s in 2008.
Summary tables provide data on earnings by gender and age group between 1997 and 2023 and by region between 2002 and 2024.
More detailed data are provided in the Earnings data tool¸ which allows users to view data on median pay for male or female, full-time or part-time employees by region and by age group back to 1997 where available. Users can select data on weekly, hourly or annual pay and can select the group of employees of interest. Guidance on interpreting the estimates and the effect of survey error is provided within the tool.
The data presented in this note are taken from the Office for National Statistics (ONS) Annual Survey of Hours and Earnings. More up to date (but much less detailed) estimates for average earnings growth are published on a monthly basis in the ONS UK Labour Market bulletin. The latest figures from both sources can be found in the Library briefing Average Earnings: Key Economic Indicators.
The Library’s briefing paper on the Gender pay gap takes a detailed look at pay between men and women.
Average earnings by age and region (89 KB , Excel Spreadsheet)
Bank holidays are those created under the Banking and Financial Dealings Act 1971 and are days when financial dealings may be suspended.
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