Living Wage Family in the United Kingdom increased to 1300 GBP/Month in 2018 from 1230 GBP/Month in 2017.

Living Wage Family in the United Kingdom averaged 1252.50 GBP/Month from 2015 until 2018, reaching an all time high of 1300 GBP/Month in 2016 and a record low of 1180 GBP/Month in 2015. United Kingdom Living Wage Family - values, historical data and charts - was last updated on August of 2020.

Living Wage Family in the United Kingdom is expected to reach 1274.00 GBP/Month by the end of 2020, according to Trading Economics global macro models and analysts expectations. In the long-term, the United Kingdom Living Wage Family is projected to trend around 1294.00 GBP/Month in 2021 and 1320.00 GBP/Month in 2022, according to our econometric models.

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United Kingdom Living Wage Family

Actual Previous Highest Lowest Dates Unit Frequency
1300.00 1230.00 1300.00 1180.00 2015 - 2018 GBP/Month yearly

United Kingdom Labour Last Previous Highest Lowest Unit
Unemployment Rate 3.90 3.90 12.00 3.40 percent [+]
Employed Persons 32948.00 32991.00 33144.00 23630.00 Thousand [+]
Unemployed Persons 2631.40 2801.70 3090.00 422.60 Thousand [+]
Part Time Employment 8456.00 8595.00 8704.00 5995.00 Thousand [+]
Full Time Employment 24492.00 24396.00 24492.00 19136.00 Thousand [+]
Employment Rate 76.40 76.40 76.60 65.60 percent [+]
Claimant Count Change -28.10 566.40 853.00 -98.50 Thousand [+]
Labor Force Participation Rate 79.60 79.50 79.80 74.10 percent [+]
Long Term Unemployment Rate 0.90 0.80 4.30 0.80 percent [+]
Youth Unemployment Rate 12.40 11.80 22.30 9.70 percent [+]
Labour Costs 113.70 110.00 113.70 20.90 points [+]
Productivity 100.60 101.90 101.90 42.40 points [+]
Job Vacancies 333.00 476.00 855.00 333.00 Thousand [+]
Wages 530.00 529.00 546.00 300.00 GBP/Week [+]
Wages in Manufacturing 595.00 591.00 622.00 356.00 GBP/Week [+]
Wage Growth -0.30 1.00 6.70 -2.70 percent [+]
Minimum Wages 8.72 8.21 8.72 5.05 GBP/Hour [+]
Population 66.65 66.27 66.65 52.20 Million [+]
Retirement Age Women 66.00 65.50 66.00 60.00 [+]
Retirement Age Men 66.00 65.50 66.00 65.00 [+]
Average Weekly Hours 26.60 29.10 33.50 26.60 Hours [+]
Employment Change -126.00 6.00 311.00 -279.00 Thousand [+]


United Kingdom Living Wage Family
WageIndicator Living Wage computations are based on the cost of living for a predefined food basket derived from the FAO database distinguishing 50 food groups with national food consumption patterns in per capita units, for housing and for transportation, with a margin for unexpected expenses. The data about prices of these items is collected through an online survey. Living Wage for a typical family refers to the family composition most common in the country at stake, calculated on the respective fertility rates.