Pay
(asked on 11th January 2016) - View Source
Question to the HM Treasury:
To ask Mr Chancellor of the Exchequer, what recent estimate he has made of average annual pay growth in (a) 2016, (b) 2017, (c) 2018, (d) 2019 and (e) 2020.
This question was answered on 14th January 2016
The Office for Budget Responsibility provide the Government with estimates for annual pay growth. The table below sets out their forecast growth in average earnings for the years requested.
Year | Average earnings growth (per cent) |
2016 | 3.4 |
2017 | 3.7 |
2018 | 3.6 |
2019 | 3.7 |
2020 | 3.9 |