Last week’s employment figures showed the annual increase in average weekly earnings (regular pay) rising to 1.8 per cent, higher than the most recent inflation figures (1.6 per cent for the Retail Price Index, 0.5 per cent using the CPI). It’s a bit early to celebrate, though. The reality is that…Read more…
Making up lost ground on pay
What is happening to workers’ pay is becoming one of the central arguments in the run up to the general election with the Government making much of the latest statistics on earnings and inflation. The collapse in the world price of oil has forced inflation on the CPI measure down to 0.5% while…Read more…