- Aberdeen salaries have increased just 3% from 2014, well behind the average UK wage increase
- Wages in Aberdeen, Scotland, grew ten times slower than the average wage increase in London
ABERDEEN had the slowest increase in wages in the UK from 2014, new research can reveal.
Wages in Aberdeen grew 3% in seven years, which is almost eight times slower than the UK’s average increase of 24%.
The study, by money transfer experts Xendpay, used new ONS data to compare monthly wages from July 2014 to May 2021 across the whole of the UK.
In contrast to Aberdeen, the London boroughs of Hackney and Newham saw the highest spike in wages in the whole country. At 45%, the increase was almost double the national average, and well above the London average of 32%.
After Aberdeen, the area with the second-lowest wage increase was the Shetland Islands in Scotland, where salaries grew just 12%, half the UK’s mean increase.
The Outer Hebrides came in third, with a wage increase of just 13% in seven years.
The borough of Mid and East Antrim in Northern Ireland also had one of the UK’s slowest salary increases, with a rise of 14% since 2014.
On a national level, Scotland saw the lowest salary increases of all the UK’s countries, at just 17%, compared to 24% in England, 23% in Wales, and 20% in Northern Ireland.
The areas with the highest salary increases were all based in London. The boroughs of Kensington & Chelsea, and Hammersmith & Fulham saw a hike of 40% – the second biggest in the whole of the UK, after Hackney and Newham.
Several boroughs shared the third most increased wages, with Camden and City of London, and Lewisham and Southwark all growing 39% between 2014 and 2021.
Commenting on the study, a spokesperson for Xendpay said: “It’s fascinating to see such discrepancies in wage growth across the UK, especially over a period as long as seven years. While many will be focused on wage increase or decrease over the past year, it’s important to step back and take a wider view of things and assess the trends over a longer term.”
The research was carried out by Xendpay, which aims to reduce the cost of international money transfer while maintaining the best possible customer service.
It provides a no-fee international money transfer service to bank accounts, offering exchange rates usually only available to multinational corporations, without compromising on transfer times or reliability.