Yahoo Finance London lags in top 10 UK cities for a pay rise in October
Despite ongoing economic and political uncertainty, the UK job market remains strong, with salaries for some new roles up 20% in September.
Data from job board CV-Library shows the average salary for a new role in the UK increased from £34,461 last year, to £41,339 in 2019. This means Brits could be set to pocket an extra £6,878 if they switch jobs right now.
Some UK cities are experiencing an even higher increase year-on-year.
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Brighton is the top city to find a new job, with salaries for new roles up 74%.
Newcastle is in second place, with pay for new roles up by about 57%.
And Bristol in the third spot, having seen an increase of 32%.
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Edinburgh tops Scottish cities, and comes in fourth. Salaries for new roles in Scotland’s capital are up 29%.
Meanwhile, Portsmouth is at fifth with an increase of just over a quarter (26%).
Glasgow comes in at number six, with new roles paying 21% more than last year.
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New jobs in the UK’s capital pay about 12% more in 2019 than in 2018, putting London in seventh place.
Southampton (12%), Cardiff (7%) and Leicester (6%) just made the top 10.
Job vacancies have also increased by 10.5% – meaning there are plenty of opportunities for Brits to secure a pay rise.
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Glasgow saw the biggest jump in jobs (up 33%), followed by Edinburgh (28%) and Nottingham (26%).
It appears job hunters are lapping up the promise of more jobs and higher pay, as applications for new roles are up 18.9%.
This figure was higher in Brighton (up 36%), Southampton (32%) and Portsmouth (up 32%).
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“Considering the current political and economic climate, this job growth is surprising, so it’s important to make the most of it while you can,” said Lee Biggins, CEO of CV-Library.
He added: “That said, also err on the side of caution, as we don’t know how long this market strength will last!”
