UK Average Earnings Including Bonus/Excluding Bonus refer to the average earnings of UK employees, including or excluding bonus payments, over a specified period. These figures are released monthly by the UK’s Office for National Statistics (ONS) and are considered an important indicator of the health of the UK economy.
The Average Earnings Including Bonus figure reflects the average earnings of UK employees, including any bonus payments received, while the Excluding Bonus figure only takes into account regular pay, excluding any bonus payments. Both figures are closely watched by economists and market participants, as they can provide insight into inflationary pressures, consumer spending, and overall economic growth.