Stephen Timms – 2016 Parliamentary Question to the HM Treasury
The below Parliamentary question was asked by Stephen Timms on 2016-01-11.
To ask Mr Chancellor of the Exchequer, what recent estimate he has made of average annual pay growth in (a) 2016, (b) 2017, (c) 2018, (d) 2019 and (e) 2020.
Harriett Baldwin
The Office for Budget Responsibility provide the Government with estimates for annual pay growth. The table below sets out their forecast growth in average earnings for the years requested.
|
Year |
Average earnings growth (per cent) |
|
2016 |
3.4 |
|
2017 |
3.7 |
|
2018 |
3.6 |
|
2019 |
3.7 |
|
2020 |
3.9 |
