Pay

(asked on 17th July 2017) - View Source

Question to the HM Treasury:

To ask Mr Chancellor of the Exchequer, pursuant to the Answer of 13 July 2017 to Question 3810, on pay, whether real earnings are expected to reduce between July 2017 and 2019.


Answered by
Steve Barclay Portrait
Steve Barclay
Secretary of State for Environment, Food and Rural Affairs
This question was answered on 20th July 2017

The Office for Budget Responsibility do not produce their forecast on a monthly basis, but do publish some variables on a quarterly basis in their supplementary economy tables. Using their forecast for consumer price inflation and average earnings, the level of real earnings is expected to rise by 1.6% from 2017 Q2 to 2019 Q4.

The Government is taking action to support incomes. This includes increasing the National Living Wage, raising the personal allowance and freezing fuel duty.

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