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Written question asked by Andrew Stephenson (Conservative) on Wednesday, 13 April 2016, in the House of Commons. It was due for an answer on Tuesday, 19 April 2016 (named day). It was answered by Damian Hinds (Conservative) on Tuesday, 19 April 2016 on behalf of the Treasury.


Average Earnings and Inflation

Question

To ask Mr Chancellor of the Exchequer, what comparative assessment he has made of trends in the level of wage growth and inflation.

Answer

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.


Secondary information

Type
Written question
Reference
904551
Session
2015-16
Question not reached
Yes
Subjects
Inflation Average earnings
Link
View this Written question on www.parliament.uk