There also still exists a noticeable gender pay gap in the UK, which was seven percent for full-time workers in 2024, down from 7.5 percent in 2023. Lastly, the monthly earnings of the top one percent in the UK was 15,887 pounds as of November 2024, far higher than even that of the average for the top five percent, who earned 7,641 pounds per month, while pay for the lowest 10 percent of earners was just 805 pounds per month. On November 4, Reeves made a speech to prepare the public and markets for a hike in income tax rates, which would break a key election promise. After an outcry among Labour lawmakers, and a better-than-expected update on public finances, she reversed course, opting for a smorgasbord of smaller revenue-raising measures.
Nations
Wales, a congeries of Celtic kingdoms lying in Great Britain’s southwest, was formally united with England by the Acts of Union of 1536 and 1542. Scotland, ruled from London since 1603, formally was joined with England and Wales in 1707 to form the United Kingdom of Great Britain. (The adjective “British” came into use at this time to refer to all the kingdom’s peoples.) Ireland came under English control during the 1600s and was formally united with Great Britain through the Act of Union of 1800. The republic of Ireland gained its independence in 1922, but six of Ulster’s nine counties remained part of the United Kingdom as Northern Ireland.
In the three months to September 2025, average weekly earnings in the United Kingdom grew by 4.6 percent. In the same month, the inflation rate for the Consumer Price Index was 3.6 percent, indicating that wages were rising faster than prices that month. Inflation is an important measure of any country’s economy, and the Retail Price Index (RPI) is one of the most widely used indicators in the United Kingdom, with the rate expected to be 4.1 percent in 2025, compared with 3.6 percent in 2024. This followed 2022, when RPI inflation reached a rate of 11.6 non gamstop casinos percent, by far the highest annual rate during this provided time period. In 2024, the annual inflation rate for the United Kingdom was 2.5 percent, with the average rate for 2025 predicted to rise to 3.5 percent, revised upwards from an earlier prediction. The UK has only recently recovered from a period of elevated inflation, which saw the CPI rate reach 9.1 percent in 2022, and 7.3 percent in 2023.
Industries and services
- Unsurprisingly, the heat wave that spread across the British Isles in 2018 was the result of particularly sunny weather.
- United Kingdom, island country located off the northwestern coast of mainland Europe.
- The republic of Ireland gained its independence in 1922, but six of Ulster’s nine counties remained part of the United Kingdom as Northern Ireland.
Many of the workers who took part in strikes were part of the UK’s public sector, which saw far weaker wage growth than that of the private sector throughout 2022. Widespread industrial action continued into 2023, with approximately 303,000 workers involved in industrial disputes in March 2023. There was far less industrial action by 2024, however, due to settlements in many of the disputes, although some are ongoing as of 2025.
Your trip to Northern Ireland has never looked more magical
This diversity stems largely from the nature and disposition of the underlying rocks, which are westward extensions of European structures, with the shallow waters of the Strait of Dover and the North Sea concealing former land links. Britain’s public finances, like those of other nations, have been squeezed in recent years by the costs of the Covid-19 pandemic, the Russia-Ukraine war and US President Donald Trump’s tariffs. The United Kingdom bears the extra burden of Brexit, which has knocked billions off the economy since the country left the European Union in 2020. Unfortunately for Reeves, the UK economy, the world’s sixth-largest, isn’t doing as well as she hoped, with many critics blaming her decision last year to slap taxes on business. Though there were signs the economy was improving in the first half of the year, when it was the fastest-growing among the Group of Seven leading industrialized nations, it has faltered again. The Met Office has issued a yellow “be aware” warning for western and northern Scotland.
When inflation peaked at 11.2 percent in October 2022, for example, core inflation stood at just 6.5 percent. After energy prices in 2023 fell relative to 2022, the overall inflation rate in the UK declined quite rapidly, with core inflation overtaking the overall rate in July 2023. During the most recent period of high inflation, core inflation peaked at 7.1 percent in May 2023, and while taking longer to fall than the overall figure, has generally been declining since then.
