1-1 of 1 results for subject:Inflation
Librarians' tools
- Search time
- 0.155 seconds
- Solr query time
- 0.002 seconds
- Search query
- subject:Inflation
- We searched for
- subject_t:Inflation OR subject_ses:91661
Type
House
Session
Year
Department
Member
Primary member
More
Answering member
Legislative stage
Legislation
Subject
Publisher
To ask the Chancellor of the Exchequer, what comparative assessment he has made of rates of wage growth and inflation.
To ask the Chancellor of the Exchequer, what comparative assessment he has made of rates of wage growth and inflation.
The fundamentals of the British economy are strong – wages are growing at the fastest rate in over a decade, employment is at a joint record high and the unemployment rate is at its lowest in over 40 years. Inflation has been at or around target since the start of 2019, and as a result wages have now outpaced inflation on a CPI basis for over a year.
On 1 April 2019, we increased the National Living Wage by 4.9% to £8.21 - an above inflation increase which meant that a full-time worker on the National Living Wage would be earning £690 more over the coming year. Supported by the National Living Wage, the lowest earners have seen their wages grow by 8% above inflation between April 2015 and April 2018.