{"value":{"id":1734603,"askingMemberId":1796,"askingMember":null,"house":"Lords","memberHasInterest":false,"dateTabled":"2024-10-15T00:00:00","dateForAnswer":"2024-10-29T00:00:00","uin":"HL1653","questionText":"To ask His Majesty's Government what assessment they have made of reports of slowing wage growth.","answeringBodyId":14,"answeringBodyName":"Treasury","isWithdrawn":false,"isNamedDay":false,"groupedQuestions":[],"answerIsHolding":false,"answerIsCorrection":false,"answeringMemberId":4559,"answeringMember":null,"correctingMemberId":null,"correctingMember":null,"dateAnswered":"2024-10-29T00:00:00","answerText":"<p>The Office for National Statistics (ONS) measure of whole economy total pay growth was 3.8% in the three months to August 2024, having fallen from 8.0% in the three months to August 2023. Whole economy regular pay growth (which excludes bonus payments) was 4.9% in the three months to August 2024, having fallen from 7.9% in the three months to August 2023.</p><p> </p><p>Real total and regular pay growth (adjusted for Consumer Price Inflation) remained positive in the three months to August 2024 at 1.7% and 2.6% respectively.</p><p> </p><p> </p>","originalAnswerText":"","comparableAnswerText":"","dateAnswerCorrected":null,"dateHoldingAnswer":null,"attachmentCount":0,"heading":"Pay","attachments":[],"groupedQuestionsDates":[]},"links":[{"rel":"self","href":"/Questions/1734603","method":"GET"}]}