Originally Posted by
Ramshank72
I presume Amster is looking at Average Weekly Earnings inflation in real terms, which is provided by ONS as an adjustment against CPI, readily available for anyone to interrogate, you can download it from the ONS site and see for yourself.
The problem with these % stats, is that they only represent an average for the working population, rather than real term impact on a personal level.
For example, NLW increases 6.62% to £9.50ph in April, which sounds great, until you realise that for many people on that wage have seen their cost of living increase by 20+%, as unfortunately food, energy, fuel etc doesn't increase as a % of salary.
I'm not dismissing anything as being rosey here, as the stats indicate that the tale is worse for those close / on / beneath the bread line.
But it is difficult to draw any direct Brexit conclusions on these particular stats (for or against), as there is no reliable data set to draw upon.
I think it was Swale that said earlier on in the thread that it would be impossible to clearly draw any such conclusions on the data as other matters will mask it, he was right, unfortunately this stuff proves nothing.