According to the latest Salary Trends Report by ECA International (ECA), UK employees in the private sector are expected to see a real salary increase of 0.8 per cent in 2019.
This is the equivalent of almost £20 a month (£237.35 per annum) for the average worker¹ before tax. The findings follow a better than expected salary increase for UK workers in 2018 (0.4 percent), originally forecasted to be among the lowest in Europe at 0.2 percent. The real salary increase is calculated based on the difference between the forecast nominal salary increase (3 percent in the UK) and inflation² (2.2 percent).
Steven Kilfedder, Production Manager at ECA International, said,
The 0.8 percent salary rise that we’re expecting to see in 2019 is double what UK workers received last year. Although the UK’s nominal salary increase, at 3 percent, is expected to be among the highest in Western Europe, the real salary rise is in line with the European average because of higher inflation eating into workers buying power.
A significant factor which could impact these figures however, is the UK’s impending withdrawal from the EU. Kilfedder said,
It is still very unclear what impact Brexit could have on inflation and salaries in the UK. Any deal that is made, or lack of it, could have far reaching implications on wage and price rises and these figures could change significantly depending on what happens between now and the official withdrawal date in March 2019.
The annual Salary Trends Report from global mobility experts ECA International, analyses current and projected salary increases for local employees in 69 countries across the world.
Aphrodite is a creative writer and editor specialising in publishing and communications. She is passionate about undertaking projects in diverse sectors. She has written and edited copy for media as varied as social enterprise, art, fashion and education. She is at her most happy owning a project from its very conception, focusing on the client and project research in the first instance, and working closely with CEOs and Directors throughout the consultation process. Much of her work has focused on rebranding; messaging and tone of voice is one of her expertise, as is a distinctively unique writing style in my most of her creative projects. Her work is always driven by the versatility of language to galvanise image and to change perception, as it is by inspiring and being inspired by the wondrous diversity of people with whom paths she crosses cross!
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