New figures show that wages have risen again, ahead of prices for 19 consecutive months, meaning families have greater financial security and can plan for their future with confidence.
But we won’t stop there, we will move the country forwards and focus on the people’s priorities – investing in our NHS, tackling violent crime, and reducing the cost of living – including through increasing the National Living Wage to £10.50 per hour.
Labour's dangerous plans would wreck the economy – meaning higher taxes, more debt and fewer jobs.
- Wages: Average weekly earnings for employees increased by 3.8 per cent compared with a year earlier – growing by 2.0 per cent after adjusting for inflation – meaning people have more money in their pockets.
- Employment: 32.69 million (up 282,000 over the last year and up by 3.65 million since 2010).
- Employment rate: 75.9 per cent (up 0.3 points over the past year and up 5.7 points since 2010).
- Unemployment: 1.31 million (down 49,000 over the past year and down by 1.20 million since 2010).
- Unemployment rate: 3.9 per cent (down 0.2 points over the past year and down 4.1 points since 2010) –more than halving since 2010 (8.0 per cent).
- Youth unemployment: There are 445,000 fewer young people out of work since 2010 – almost halving since 2010.
Wirral West MP candidate Laura Evans welcomed the news saying "These latest figures show that our plan for the economy is working. Hard working people in Wirral now have more money in their pockets to spend on the things that mater to them and their families. Labour's plan would wreck the economy and put this progress at risk".