Wednesday, 12 April 2017

Zeroing In

"Real pay growth ground to a halt in February, the latest official statistics confirm.

"In its labour market report on Wednesday the Office for National Statistics reported that average nominal total annual pay growth in the three months to February was 2.3 per cent.

"Putting this together with the February inflation data of 2.3 per cent means that real terms average pay was zero in the month."


  1. The Tories have always been useless on the economy.

    1. Indeed. There have been seven recessions in the United Kingdom since the Second World War. Five of them have been under Conservative Governments. That party has also presided over all four separate periods of Quarter on Quarter fall in growth during the 2010s. By contrast, there was no recession on the day of the 2010 General Election. And now, the Conservatives have more than doubled the National Debt. The Major Government also doubled the National Debt. Yet the Conservatives’ undeserved reputation for economic competence endures. They are subjected to absolutely no scrutiny by the fake news detractors of their opponents.