1-15 of 15 results for subject:Inflation
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To ask the Secretary of State for Education, whether she plans to review the current funding formula for schools to ensure that it is adjusted for (a) inflation and (b) increases in the cost of living.
To ask the Secretary of State for Education, whether she plans to review the current funding formula for schools to ensure that it is adjusted for (a) inflation and (b) increases in the cost of living.
The overall core school budget will total £60.7 billion in the 2024/25 financial year, the highest ever level in real terms per pupil. School funding is therefore set to have risen by £11 billion next year, compared with 2021/2022.
To ask the Secretary of State for Education, what steps she is taking to help mitigate the impact of inflation on real terms funding received by schools.
To ask the Secretary of State for Education, what steps she is taking to help mitigate the impact of inflation on real terms funding received by schools.
The government is committed to providing a world class education system for all children and has invested significantly in education to achieve that.
School funding is rising to £59.6 billion, from this April, meaning schools will be funded at their highest ever level in real terms per pupil. The government invested an additional £2 billion for both this year and next, announced at the 2022 Autumn Statement. As well as extra funding for the 2023 teachers’ pay award, ensuring it was properly funded.
To ask the Secretary of State for Justice, pursuant to the Answer of 3 July 2023 to Question 191280 on Prisons: Education, whether indexation occurred on 1 April 2023.
To ask the Secretary of State for Justice, pursuant to the Answer of 3 July 2023 to Question 191280 on Prisons: Education, whether indexation occurred on 1 April 2023.
Indexation is applied on 1 April each year. The uplift for 2023-24 is based on the Consumer Price Index data for February, which were published by the Office for National Statistics on 22 March 2023: Consumer price inflation, UK: February 2023 - Office for National Statistics
To ask the Secretary of State for Justice, on what date the Prison Education Framework contract will be updated to account for inflation; and which inflation figure will be used when updating that contract.
To ask the Secretary of State for Justice, on what date the Prison Education Framework contract will be updated to account for inflation; and which inflation figure will be used when updating that contract.
Indexation is applied on 1 April each year under the Prison Education Framework contract terms. Any adjustments are based on the most recent Consumer Price Index (CPI) inflation value published before the 1 April indexation point which is typically the value published in March each year.
Fourth Opposition day debate (part two). Motion that this House notes that UK economic growth is forecast to grind to a halt next year, with only Russia worse in the OECD; further notes that GDP has fallen in recent months while inflation has risen to 9.1 per cent and that food prices, petrol costs and bills in general are soaring for millions across the country; believes that the Government is leaving Britain with backlogs such as long waits for passports, driving licences, GP and hospital appointments, court dates, and at airports; and calls on the Government to set out a new approach to the economy that will end 12 years of slow growth and high taxation under successive Conservative governments. Agreed to on question.
Fourth Opposition day debate (part two). Motion that this House notes that UK economic growth is forecast to grind to a halt next year, with only Russia worse in the OECD; further notes that GDP has fallen in recent months while inflation has risen to 9.1 per cent and that...
To ask the Secretary of State for Work and Pensions, what assessment he has made of the effect of recent trends in inflation on low income families with children; and if he will make a statement.
To ask the Secretary of State for Work and Pensions, what assessment he has made of the effect of recent trends in inflation on low income families with children; and if he will make a statement.
We have not assessed the very latest trends in inflation on low income families with children but have supplied latest published estimates for 2014/15 in the form of absolute low income rates and numbers for children and their families.
Rates and numbers of children in both relative and absolute low income households are published annually in Households Below Average Income. Chapter 4 in ‘supporting tables’ show various income breakdowns for children and their families
https://www.gov.uk/government/statistics/households-below-average-income-199495-to-201415
The absolute low income threshold is based on 60% of median income in 2010/11 and is then uprated by inflation for each year thereafter. As such the absolute measure captures how low income has changed with reference to inflation.
Latest data show:
- Since 2010 there are 200,000 fewer children in absolute low income (and 100,000 fewer children in relative low income) on a Before Housing Costs basis.
- In 2015 there were 2.3 million children in absolute low income Before Housing Costs – a joint record low.
- Between 2014 and 2015, average incomes grew at their fastest rate since 2002.
This Government is committed to building a country that works for everyone – not just the privileged few. That is why our forthcoming Green Paper will identify and address the root causes of child poverty and disadvantage, building on the new statutory indicators of parental worklessness and children’s educational attainment set out in the Welfare Reform and Work Act 2016.
To ask Mr Chancellor of the Exchequer, what comparative assessment he has made of trends in the level of wage growth and inflation.
To ask Mr Chancellor of the Exchequer, what comparative assessment he has made of trends in the level of wage growth and inflation.
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.
What comparative assessment he has made of the trends in the levels of wage growth and inflation.
What comparative assessment he has made of the trends in the levels of wage growth and inflation.
The latest figures from the Office for National Statistics show that real average weekly earnings were up 2.4%,
year on year, in the three months to October; wage growth has outstripped inflation for 13 consecutive months—the longest period of real wage growth since before the recession; and the Office for Budget Responsibility forecasts wages to grow faster than inflation over each of the next five years.
The latest figures from the Office for National Statistics show that real average weekly earnings were up 2.4%,
year on year, in the three months to October; wage growth has outstripped inflation for 13 consecutive months—the longest period of real wage growth since before the recession; and the Office for Budget Responsibility forecasts wages to grow faster than inflation over each of the next five years.
The latest figures from the Office for National Statistics show that real average weekly earnings were up 2.4%,
year on year, in the three months to October; wage growth has outstripped inflation for 13 consecutive months—the longest period of real wage growth since before the recession; and the Office for Budget Responsibility forecasts wages to grow faster than inflation over each of the next five years.
What comparative assessment he has made of the trends in the levels of wage growth and inflation.
My hon. Friend is quite right. Last year, the hourly pay of the average Somerset employee grew well in excess of CPI inflation, and of course the south-west has a particularly strong employment rate. To keep on driving real wage growth, however, we must have productivity gains, hence the focus on the “Fixing the Foundations” strategy for skills and infrastructure and on making sure we have an attractive tax regime that encourages investment and brings jobs to that region and the country as a whole.
My hon. Friend is quite right. Last year, the hourly pay of the average Somerset employee grew well in excess of CPI inflation, and of course the south-west has a particularly strong employment rate. To keep on driving real wage growth, however, we must have productivity gains, hence the focus on the “Fixing the Foundations” strategy for skills and infrastructure and on making sure we have an attractive tax regime that encourages investment and brings jobs to that region and the country as a whole.
I welcome the Minister’s reply. Does he agree that the key to delivering further wage growth, particularly in rural areas such as Somerset, is improving productivity, infrastructure and the skills base, all of which underpin the Chancellor’s long-term economic plan for the south-west?
The lowest earners experienced the fastest growth in median earnings last year, and recent growth in employment has been dominated by full-time workers, in contrast to what the hon. Gentleman says. We have a comprehensive plan for driving productivity in the “Fixing the Foundations” strategy, and the national living wage is a dramatic, long-term structural change.
The lowest earners experienced the fastest growth in median earnings last year, and recent growth in employment has been dominated by full-time workers, in contrast to what the hon. Gentleman says. We have a comprehensive plan for driving productivity in the “Fixing the Foundations” strategy, and the national living wage is a dramatic, long-term structural change.
Some 400,000 fewer people earn more than £20,000 than they did in 2010, because the Chancellor has been cutting full-time jobs and replacing them with more part-time, low-paid jobs. What is he doing to lift productivity and research and development to raise average and median wages?
To ask Mr Chancellor of the Exchequer, what comparative assessment he has made of the rates of wage growth and inflation.
To ask Mr Chancellor of the Exchequer, what comparative assessment he has made of the rates of wage growth and inflation.
The hard work on economic recovery is now paying off as people see their pay packets growing faster. The most recent data shows that, at 3.2 per cent, real pay is growing at its fastest rate since 2007.
The hard work on economic recovery is now paying off as people see their pay packets growing faster. The most recent data show real pay growing at 3.2%. Inflation is low: the price of fuels has fallen by 10.5% in the past year and the price of food by 2.2%.
The hard work on economic recovery is now paying off as people see their pay packets growing faster. The most recent data show real pay growing at 3.2%. Inflation is low: the price of fuels has fallen by 10.5% in the past year and the price of food by 2.2%.
What comparative assessment he has made of the rates of wage growth and inflation.
The Budget contained measures that will boost skills and support high-tech businesses across the north, including in my hon. Friend’s constituency. Greater Manchester local enterprise partnership is invited to bid in the new round of enterprise zones, there will be new regius professorships to support universities and there is an ambitious transport package that will provide much needed infrastructure for the north of England.
The Budget contained measures that will boost skills and support high-tech businesses across the north, including in my hon. Friend’s constituency. Greater Manchester local enterprise partnership is invited to bid in the new round of enterprise zones, there will be new regius professorships to support universities and there is an ambitious transport package that will provide much needed infrastructure for the north of England.
As the MP for Bolton West, I strongly welcome the Government’s northern powerhouse plans to invest in transport infrastructure and in science and skills. What are the Government doing to ensure that Bolton West is increasingly attractive as a place for high-tech business to invest, so bringing in high-skilled jobs and higher wages for my constituents?
What comparative assessment he has made of the rates of wage growth and inflation.
What comparative assessment he has made of the rates of wage growth and inflation.
The hard work on economic recovery is now paying off as people see their pay packets growing faster. The most recent data show real pay growing at 3.2%. Inflation is low: the price of fuels has fallen by 10.5% in the past year and the price of food by 2.2%.