1/10 Of 1%

[weecalf]

Wages have overtaken inflation by 1/10 of 1%.Brilliant eh .That could mean how much a year to the minimum wage earner .

[sandyRoe]

Isn't that 10p for every £100 earned?

[BlackadderV]

Yes, on a salary of £20,000 you'd be £20 p.a. better off.

[janbee]

Yes, I feel so rich already. Now, problem is, how to spend all this extra wealth? Oh I know, on nothing !! It's worth nowt folks. Don't be fooled by all these figures etc. It's only because an election is looming. Blah blah blah and more blah

[murraymints]

Don't spend it all at once !

[Old_Geezer]

Beware. These would be admitted inflation and probably average wage of those who count, and it may not be applicable to minimum wage earners. Nothing is ever simple.

I'd suggest getting the actual figures and working out the example. Gut feeling is that it may not turn out to be a simple 0.1% improvement when checked, but I could be being overly cautious.