The monthly figures show positive real earnings for the first time since 2009.
UK GDP grew by 0.7 per cent in the third quarter of 2014, according to the latest quarterly national accounts from the Office for National Statistics (ONS).
Things are actually even worse than they seem.
The UK is still over-reliant for growth on inflated house prices and low paid jobs.
Despite economic growth returning, the chancellor’s record is less rosy than he makes out.
Relying on short-term, low skill jobs to boost the economy is not the answer.
The bombshell will come as a boost to Labour ahead of conference season.
Left Foot Forward is hosting a discussion about making economic growth fairer at this year’s Labour Party conference in Manchester.
When the share of wages in national income decreases, consumption decreases.