Same blooming hourly rate as 10 years ago! I bet I'm not the only one.
Hi Paul
I looked back to 2007, which is the first year that we really gathered good data, and subjected it to reasonable statistical analysis. It was also the last year before the crash and credit crunch.
Whats interesting is that the bottom quartile has hardly moved. In 2007 the bottom quartile was ÂŁ26.50 for Gas and ÂŁ25 for non-gas plumbing. The equivalents in 2014 were ÂŁ30 (up 13%) and ÂŁ25 (no change).
However, the median and upper quartile figures have risen sharply.
2007 median Gas work was ÂŁ35, now ÂŁ45, up 28.6%
2007 upper quartile gas work was ÂŁ40, now ÂŁ55, up 37.5%
2007 median plumbing was ÂŁ28, now ÂŁ35, up 25%
2007 upper quartile plumbing was ÂŁ35, now ÂŁ45 - up 28.6%
So there definitely does seem to be a category of plumber, or a category of work, that is still stuck at 2007 price levels, but there is a larger group (or a different type of work) which has broken free.
It isn't geographic - in fact over the years there has been an equalling out of labour rates across the country, and the only area now which commands a noticeable premium is inside the M25, and particularly in London itself. But this weird trend is true both inside and outside of the M25.
The other noticeable thing is that virtually no-one charges a labour figure that isn't divisible by 5. This means that tradesmen get behind - you should have put your rate from ÂŁ30 to ÂŁ31.25, and then to ÂŁ32.75 and then to ÂŁ34.19 and so on. But because people don't do that, after a few years, the accummulated inflation means that they need to add a whole tenner an hour to their rate. They rightly fear that their regulars will react badly to this.