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2014-12-17

BBC: "Richer at last?"


Link to web site

"It has been a journey of a good six years, give or take the odd blip, but weekly earnings do now seem to be pulling ahead of Consumer Price Index (CPI) inflation.

"This is especially true of the private sector, which accounts for 82% of jobs (and rising) - where average weekly earnings rose 2.2% in October, compared with inflation of 1.3% in that month and 1% in November.

"The fastest wage growth was 3% in finance and business services - don't curse please, it's unbecoming - and 2.7% in construction.

"The shrinking public sector saw a less-than-inflation 0.5% rise."

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