Wages are outpacing inflation in the UK, in a turnabout from what the Tories wanted for us a decade ago.

Back in 2012, the Tories – and Liberal Democrats – were doing their best to ensure below-inflation pay rises, and even wanted to make wages a postcode lottery, so people in some areas would earn much less than those in others, for doing the same job.

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Here‘s the BBC:

Pay, after taking into account the pace of price rises, rose 3.4% between October and December compared with the same period a year ago, according to the Office for National Statistics (ONS).

The UK’s unemployment rate remained unchanged at 4.4%, although the ONS has advised that its jobs figures should be treated with caution because of low response rates to its employment survey.

Without taking account of inflation, the ONS said annual pay growth, excluding bonuses, was 5.9% from October to December. which was up from the previous figure of 5.6%.

Earnings growth for the private sector was 6.2%, while for the public sector it was 4.7%.

The UK’s inflation rate, which measures the rate consumer prices rise at over time, was 2.5% in the year to December, but is predicted to rise again as a result of higher energy and water bills.

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