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BBC News - ONS: After six years, wages finally overtake inflation
After nearly six years of falling real wages, weekly earnings have finally edged above inflation.
Weekly wages, including bonuses, rose by 1.7% in the year to February, up from 1.4% in January, according to the Office for National Statistics (ONS).
Earlier this week, inflation, as measured by the Consumer Prices Index (CPI), fell to 1.6%
We also have unemployment down below 7% and employment at a new record high.
BBC News - UK unemployment falls to five-year low of 2.2m
Be interesting to see how Labour deal with this. Their last line of attack on the economy seems to have just been taken away.
After nearly six years of falling real wages, weekly earnings have finally edged above inflation.
Weekly wages, including bonuses, rose by 1.7% in the year to February, up from 1.4% in January, according to the Office for National Statistics (ONS).
Earlier this week, inflation, as measured by the Consumer Prices Index (CPI), fell to 1.6%
We also have unemployment down below 7% and employment at a new record high.
BBC News - UK unemployment falls to five-year low of 2.2m
Be interesting to see how Labour deal with this. Their last line of attack on the economy seems to have just been taken away.