Uk Average Regular Earning Growth Rises.

[nicebloke1]

Its now at 5.9%. More good news.

[davebro3]

they'll need it to pay the extra taxes - those that manage to keep their jobs anyway...

[barry1010]

Adjusted for inflation, total earnings increased by 2.5%, up from 2.4% in the three months to November

[newmodarmy]

Have you checked what period it covers?

Annual average regular earnings growth for the private sector was 6.2% in October to December 2024 (Figure 4). This was up on the previous three-month period (5.9%) and last higher in September to November 2023, when it was 6.7%.

Hopefully they can get it back to the levels  under the Tories?

[nicebloke1]

Growth is up, not down.:0)

[newmodarmy]

Hopefully they can get earnings growth back to the levels  under the Tories.

Hopefully, that's clearer.

We need real growth though as Rachel keeps telling us. Real earnings growth runs the risk of inflation and increases in Bank rate.

[gulliver1]

Told you things could only get 🎵better,better,better 🎵 lol

[nicebloke1]

They dont want good news on here gully by the looks of it. :0)

[davebro3]

if only there was some (real) good news....

[nicebloke1]

If your only seeking doom and gloom, you won't find good news, it will pass you by.

[gulliver1]

10.39 MrNiceBloke It seems like they want Labour to fail, to bring them down to the level of failure that the Tories left the UK in when they handed the keys to Downing St over to Labour after the Cons were kicked out last july.

[nicebloke1]

Labour to fail, and the country to crash is a very strange wish for sure.

[davebro3]

It's not what we want but it's almost certain it's what will happen. The signs aren't good so far.

[mushroom25]

//Told you things could only get 🎵better,better,better 🎵 lol //

Pete Cunnah, who wrote the song for D-Ream, is on record as bitterly regretting Labour use it as a campaign tool.

[Old_Geezer]

After all the inflation over the last few years it's hardly making up for the loss of quality of life of late. Quite a bit of any rise would be down to government caving in to favoured groups anyway. One wonders what it's like for the rest. Meanwhile, until we see what happens to inflation now, it's difficult to judge if it's the good news claimed.

[newmodarmy]

I assume the average is the mean so is distorted by a few large settlements for doctors, tube and train drivers and includes untypical cases like footballers. It would interesting to know the median increase.

Inflation is also rising so we may find the B of E decides to stop the downward trend in interest rates.