Taryn Francyne

Cost Of Living Salary Increase 2024 Uk. In 2024, uk employees expect a 4.4% salary increase and ongoing efforts to align compensation with cost of living and market conditions. From 1 april, the national living wage will be £11.44 per hour.

“however, a larger proportion [17 per cent] are still planning pay rises of above 6 per cent in 2024, it says. The forecast level to reach this at the budget in march 2022 was £11.16 per hour but the high level of average earnings has pushed this up the target.