13/03/2026
On the 26th February, we hosted an insightful in-person event on London’s economic outlook, opportunities and resilience, in conjunction with the IWFM London Region and HSBC.
Joined by fellow facilities management and built environment professionals, we heard from Emma Wilks, who shared insights on:
- The health of the UK economy
- The path for interest rates and the labour market
- The impact of government policy decisions
One striking takeaway was the scale of wage growth in the UK. Over the past five years, the UK has seen the highest salary growth globally, with minimum wage rising by 46% since 2020. For people-intensive sectors like facilities management, this has significantly increased the cost of service delivery.
At the same time, many organisations have not increased prices at the same rate as wage growth, putting pressure on already tight margins across the sector.
Read our other key highlights here: https://www.paretofm.com/post/the-economics-of-fm-wage-growth-margins-and-the-uk-outlook