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Wages
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UK unemployment rate in 2026: what the labour market showsThe UK unemployment rate is 4.9% for April to June 2026. Payrolled employment is also lower than a year ago. Here is how to read the labour market without relying on one noisy series.UK real wages in 2026: is pay actually beating inflation?UK regular pay grew 0.5% in real terms on the CPIH measure in April to June 2026. Real wages are rising again, but only modestly, and the distinction between nominal and inflation-adjusted pay matters for households and markets.What is the average UK salary, wage and pay?The latest annual ONS survey puts median gross annual earnings for full-time employees at £39,039 in April 2025. By June 2026, regular pay was growing 3.5% a year and real regular pay 0.5%.UK consumer spending in 2026: what the data showsRetail sales volumes rose 1.1% in the three months to July 2026 and 3.0% from a year earlier, despite a 0.5% monthly fall in July. The consumer is recovering unevenly, not collapsing or booming.What caused the cost of living crisis in the UK?Three overlapping shocks: energy prices, post-pandemic supply chains, and a wage-price spiral in services. How each one hit, and when costs ease.What is the UK minimum wage?It is £12.82 an hour from April 2026 for workers aged 21 and over. The London rate, what it adds up to per year, and what employers must know.Is the UK economy growing?Yes. UK GDP grew 0.4% in July 2026 and 0.4% in the three months to July. Services drove the rolling-quarter growth, while production and construction both fell 0.5%.