Paul Blomfield
Main Page: Paul Blomfield (Labour - Sheffield Central)Department Debates - View all Paul Blomfield's debates with the HM Treasury
(6 years, 4 months ago)
Commons ChamberAs my hon. Friend will know, this morning we were given the good news that we are now back in positive real-wage territory. He will also know from the projections of the Office for Budget Responsibility at the time of the last Budget that we anticipate an increase in real wages throughout the projection period.
The hon. Gentleman has made a very sensible point. The FCA is looking into that proposal and will publish another report in May. I met Andrew Bailey just a few weeks ago to underscore the importance of the issue, and as we proceed with the construction of the single financial guidance body that will deal with some of the challenges of problem debt, I know that this will be another focus of its work.