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Self-employed plumbers saw their average earnings rise by 16.6% to £1115 per week during February, according to payroll giant Hudson Contract. While the February bounce is in keeping with annual trends, the rates are 13.4% higher than the same month last year.
Average earnings across all self-employed tradespeople rose to £950 per week during February. Electricians came second, behind plumbers, in pay increase – up 16.3% at £1145.
Ian Anfield, Hudson managing director, said: “It has been a mild start to the year and demand on sites remains high for skilled trades including plumbers. We have had a busy month for entering new contracts and we are seeing anecdotal evidence of more Europeans returning to the UK labour market.
“Our construction clients are telling us they have full order books but they are not seeing as many enquiries as this time last year. That’s consistent with what we said last month – that some housebuilders have eased up on the accelerator.”
Hudson Contract claims to deliver the most accurate indication of subcontractor pay trends across the construction industry, publishing the average pay for a spectrum of 17 different trades split across 10 regions in England and Wales. It supplies statistics to the Bank of England to keep policymakers updated with real-time insights on demand for skilled labour.
The analysis is from Hudson Contract, the UK’s largest provider of tax status and employment contract services to the construction industry.