Average Salary Increase For 2024 Uk. Find data on wages and salaries by sector, industry and real terms in the uk. London, june 29, 2023 — salary budgets for uk employees are expected to decline in 2024 after a pay rise peak in 2023.

Some experts predict that salary budgets will decline in 2024 after peaking in 2023. The median pay award in 2023 was 5.0 per cent, increasing by one per cent from july 2022 predictions.