Low forecasts for pay growth contradict chancellor’s claim that rise in wages will compensate for Tory cuts to in-work benefits,says oppositionThe 10 years between 2010 and 2020 are set to be the worst decade for pay growth in almost a century, and the third worst since the 1860s, and according to unique research.
Research from the House of Commons Library shows that genuine-terms wage growth is forecast by the Office for Budget Responsibility to average at just 6.2% in this decade,compared with 12.7% between 2000 and 2010.
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Source: theguardian.com