Lord Fox
Main Page: Lord Fox (Liberal Democrat - Life peer)Department Debates - View all Lord Fox's debates with the HM Treasury
(1 day, 23 hours ago)
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Lord Livermore (Lab)
Clearly, we need to make sure that we retain top talent in this country, as the previous questioner asked me about, but we also need to make sure that we increase the living standards right across the income distribution, and particularly for working people. My noble friend will know that wages continue to grow and that in the first 10 months of this Government, real wages rose more than in the first 10 years of the previous Government.
Lord Fox (LD)
My Lords, one of the problems facing the Treasury and the Bank of England is the quality, or lack of it, of workforce data. Can the Minister tell us what progress is being made with the ONS to improve the quality of the data that the Government have to make their decisions?
Lord Livermore (Lab)
The noble Lord is absolutely correct. That is currently a significant issue. As I understand it, the ONS is reviewing that data, and that review is ongoing.