The forecasted labour costs in warehousing and support activities for transportation in the UK are predicted to increase steadily over the next five years, growing from £21.0 billion in 2024 to £22.92 billion in 2028. Compared to 2023, this suggests a moderate, yet consistent escalation in labour expenses. The year-on-year growth is modest, projected at a rate of approximately 2.24% in 2025 and increasing slightly each year, with an average compound annual growth rate (CAGR) of around 2.21% over the full forecast period.
Future trends to watch for include:
- Technological advancements influencing efficiency and labour demand.
- Potential regulatory changes impacting labour costs, driven by new policies.
- Shifts in global trade patterns affecting the UK's warehousing sector.
