This article examines total bonus payments (as captured by the Average Weekly earnings output) received across the whole economy of Great Britain in the financial year ending 2017 (April 2016 to March 2017) with analyses presented by month of pay, sector and industry.
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Average Weekly Earnings, bonus payments in Great Britain: 2017
Average Weekly Earnings (AWE) is the key National Statistics indicator of short-term earnings growth, which provides monthly estimates of the level of Average Weekly Earnings per employee.
The United Kingdom Statistics Authority has designated these statistics as National Statistics, in accordance with the Statistics and Registration Service Act 2007 and signifying compliance with the Code of Practice for Official Statistics.
Designation can be broadly interpreted to mean that the statistics:
- meet identified user needs
- are well explained and readily accessible
- are produced according to sound methods
- are managed impartially and objectively in the public interest
Once statistics have been designated as National Statistics it is a statutory requirement that the Code of Practice shall continue to be observed.