Britain’s full-time workers have enjoyed their best year of earnings since the depths of the financial crisis, on the back of rising wages and a record low cost of living.
Weekly pay packets for those in full-time jobs was up by £10 to £528 a week, a rise of 1.9pc when adjusted for inflation, according to the Office for National Statistics.
This is the first annual increase in earnings since 2008 and the best yearly rise since 2004. On a nominal level, which includes inflation, earnings were up 1.6pc and compared to just a
0.1pc rise in 2014 – the smallest pay rise since records began in 1997.