Sage UK Workforce Tracker December 2025 Report

This report presents the findings of the Sage UK Workforce Tracker for December 2025, which is based on payroll data from approximately 200,000 small businesses across the UK. The report indicates that the headcount among these businesses remained unchanged year-on-year, while median gross earnings increased by 5.5%. The report outlines the economic outlook, noting subdued business confidence affecting hiring and investment, although inflation is projected to decline, potentially leading to lower borrowing costs. It also discusses the impact of the Autumn Budget measures on economic growth and highlights the uneven effects of the upcoming revaluation of business rates. Additionally, the report details regional variations in earnings growth and headcount changes by sector and business size, providing insights into the current labor market conditions and earnings trends in the UK.