Wage Levels

Part of Oral Answers to Questions — Treasury – in the House of Commons at 11:30 am on 5 November 2013.

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Photo of Nicky Morgan Nicky Morgan The Economic Secretary to the Treasury 11:30, 5 November 2013

This Government recognise the pressure on households, but the fall in living standards is a consequence of the economic crisis left to us by Labour. The only way to raise living standards is to stick to our economic plans and deliver a recovery that works for all. Britain has turned a corner: the economy is growing, the deficit is falling, and jobs are being created. Last year, UK take-home pay was the highest in the G7 and the third highest in the OECD.