Real-terms change in the national living wage, average earnings and inflation, since 2015/16

Source: Institute for Government analysis of House of Commons Library, 'National Minimum Wage statistics', OBR, 'Economic and fiscal outlook - detailed forecast tables: economy' (Table '1.6' and '1.7').Notes: 'Economy-wide inflation' here refers to the GDP deflator. The OBR defines average earnings as "wages and salaries divided by employees. Wages and salaries equal to total compensation of employees minus employers' social contributions".Get the data Download image
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