In 2023, the wages and salaries in activities auxiliary to financial service and insurance activities in the UK stood at 25.32 billion pounds sterling. Moving into 2024, forecasts predict a continuous increase, with values projecting to rise from 25.86 billion in 2024 to 28.36 billion in 2028. This suggests a steady year-on-year percentage growth trend reaching about 2.2-2.5% annually. Over the five-year period, the compound annual growth rate (CAGR) averages about 2.5%.
Future trends to watch for include emerging technologies potentially improving efficiencies and reshaping auxiliary roles, inflationary impacts on salary growth, and shifts in financial regulations that might affect demand for auxiliary services within the sector.
