While I'm thinking about it, from the BBC story this sums it up:
Quote:
Across the UK, average earnings rose by 1.1% in the year to February, the slowest pace since the summer of 2010.
Mike Fetters, director at jobs website Totaljobs.com, said: "Today's figures flatter to deceive.
"Whilst on the surface they look rosier than those of the past few months, they hide a number of concerns - not least the staggeringly high levels of underemployment.
"We have seen the retail sector take another battering, with more closures announced, and concerns for the eurozone have resurfaced."
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The wage increase is in the context of >3% inflation even by the government's absurdly rigged measures.
The joys of globalisation and the terrifying realisation that permanent growth is impossible as it's fundamentally a zero-sum game. We're losing our standard of living as it drops to meet those of upcoming economies, and the government is propping up asset and other prices through policy and money printing making us vastly poorer.
If any of the Tories on my Twitter feed try and spin this I shall take a delight in giving them my thoughts.