Average Earnings and Inflation
(asked on 13th April 2016) - View Source
Question to the HM Treasury:
To ask Mr Chancellor of the Exchequer, what comparative assessment he has made of trends in the level of wage growth and inflation.
This question was answered on 19th April 2016
Latest figures from the Office for National Statistics show that in the three months to January, Real Average Weekly Earnings grew 2 percent compared to a year earlier.
Wage growth has outstripped inflation for 16 consecutive months. And the OBR forecast wages to grow faster than inflation in each of the next five years.