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answeredUnited Kingdom· UK Parliament· EN

Introduced

13 March 2024

Last action

27 March 2024 · Answer

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Answered

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Discovery layer

Source updated

27 March 2024

Summary

To ask His Majesty's Government what assessment they have made of the impact of slowing wage growth on household finances and consumer spending; and what steps they are taking to mitigate any negative impact.

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Timeline

  1. 13 March 2024

    Written question

    To ask His Majesty's Government what assessment they have made of the impact of slowing wage growth on household finances and consumer spending; and what steps they are taking to mitigate any negative impact.

    Source: Lords

  2. 27 March 2024

    Answer

    Real wages have increased for seven consecutive months and are 1.1% above their pre-pandemic level.ONS retail sales volumes increased by 3.4% on the month in January, representing a full recovery of the decline seen in December 2023.

    Source: Written answer

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