By 2024, wages and salaries in UK's security, building services, and business support activities are projected at £21.09 billion, climbing steadily to £23.05 billion in 2028. This progression marks a rising trend with an average annual increase (CAGR) of approximately 2.21% from 2023, when the sector's value stood at £20.65 billion. Year-on-year, the forecasted growth reflects an advancement of about 2.41% in 2024, extending consistently towards the 2.03% to 2.13% range in subsequent years.
Future trends to monitor include:
- Impacts of automation on wage structures
- Influence of Brexit on labor laws and employment rates
- Economic shifts post-pandemic, potentially altering demand for services
