Self-employed tradespeople achieved record weekly earnings last month, with average payments reaching £1,053 according to the latest Pay Trends analysis by Hudson Contract.
The company says October’s figures show a month-on-month increase of 0.5% and year-on-year growth of 2.6%, despite broader economic headwinds.
Monthly earnings growth was strongest in roofing, where rates increased by 5.6%. Demolition and surfacing subcontractors followed with robust rises of 5 and 4.1%respectively.
Regional analysis shows the North East leading growth at 3.7%, with the East of England and South East following at 2.4 and 2.1%, reflecting continued strength in these key markets.
Hudson Contract MD Ian Anfield said: “As it has been all year, demand for good skilled labour remains high. Earnings are continuing to increase at a measured pace.
“We’re hopeful the government’s planning reforms and housing market stimulation measures will materialise next year. Sir Keir Starmer has promised ‘a golden era of building’ to improve the country’s prosperity. Our numbers are showing steady growth, which suggests the market might be moving in the right direction.”
