London salaries are growing – but not as fast as these other UK cities

04-May-18


Salaries across London grew at a faster rate than in the nation as a whole last month, but wage growth in the capital was not nearly as high as some other areas of the UK.

Fresh research from job site CV-Library found advertised salaries grew two per cent year-on-year in the UK, while salaries in London rose by 2.5 per cent in the same period.

London only came eighth in the top 10 list of cities with the highest growth in salaries though, with Glasgow, where salaries grew by nearly 14 per cent, topping the list, followed by Brighton and Cardiff.

The top 10 cities for salary growth right now

Rank City Salary growth
1. Glasgow 13.9 per cent
2. Brighton 12.3 per cent
3. Cardiff 9.6 per cent
4. Liverpool 5.5 per cent
5. Nottingham 5.4 per cent
6. Southampton four per cent
7. Portsmouth 3.7 per cent
8. London 2.5 per cent
9. Manchester 2.1 per cent
10. Hull 1.6 per cent

Lee Biggins, founder and managing director of CV-Library, said: “It’s great to see that employers across London are remaining positive in the face of ongoing uncertainty and that many are continuing to invest in their recruitment efforts. With salaries rising across the capital, the data suggests that the competition to secure the top talent isn’t letting up any time soon!”

CV-Library found job vacancies in London were also up in April, soaring by 18.8 per cent compared with the previous year. Application rates remained stagnant, however.

“Last month’s ONS employment figures also revealed that unemployment rates had dropped once again, suggesting that professionals are not feeling confident enough to move around the job market right now. If businesses in the City hope to entice candidates out of their current roles, they must continue to offer the most competitive packages they can," Biggins said.