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1654194

registered interest
date	19/07/2023
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Pay
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, what assessment he has made of the implications for his policies of the comments by the Governor of the Bank of England on pay restraint made in February 2023.
tabling member constituency	Slough
tabling member printed	Mr Tanmanjeet Singh Dhesi
uin	195084
answer	answer is ministerial correction date of answer 04/09/2023 answer text <p>The Government is committed to the Prime Minister’s pledge to grow the economy and halve inflation. We remain steadfast in our support for the Bank of England’s independent Monetary Policy Committee.</p><p> </p><p>Pay for most frontline workforces is set by the independent Pay Review Body (PRB) process. On 13 July, the Government confirmed that it would be accepting the headline pay recommendations of the PRBs in full.</p><p> </p><p>Government borrowing to pay for things, such as public sector pay, boosts demand and in turn can increase inflationary pressure. That is why these pay uplifts will not be funded through any new borrowing.</p> answering member constituency Salisbury answering member printed John Glen question first answered 04/09/2023 11:57:12 answering member 4051 label Biography information for John Glen
tabling member	4638 label Biography information for Mr Tanmanjeet Singh Dhesi

1648203

registered interest
date	27/06/2023
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Pay
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, with reference to page 6 of the Working Paper by the International Monetary Fund entitled Euro Area Inflation after the Pandemic and Energy Shock: Import Prices, Profits and Wages, published June 2023, what assessment he has made of the implications for his policies of the analysis by the Fund of the potential effect of the level of corporate profits on real wages; and if he will take steps to limit the potential inflationary impact of corporate profits on wage growth.
tabling member constituency	Cynon Valley
tabling member printed	Beth Winter
uin	191405
answer	answer is ministerial correction date of answer 04/07/2023 answer text <p>UK inflation has been affected by global factors, including Russia’s invasion of Ukraine affecting energy and food prices. The UK is not alone in facing these challenges, advanced economies across the world are feeling the impact of inflation.</p><p> </p><p>That is why halving inflation is one of the Prime Minister’s top priorities. Evidence that corporate profits play a role is inconclusive. The independent Competition and Markets Authority have authority to intervene if they find evidence of anti-competitive conduct or competition law is breached.</p> answering member constituency Arundel and South Downs answering member printed Andrew Griffith grouped question UIN 191242 191243 191402 191403 191404 question first answered 04/07/2023 11:05:43 answering member 4874 label Biography information for Andrew Griffith
tabling member	4809 label Biography information for Beth Winter

1647544

registered interest
date	23/06/2023
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Pay
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, with reference to paragraph 23 of the Bank of England Monetary Policy Committee's Monetary Policy Summary and the minutes of the Monetary Policy Committee meeting ending on 21 June 2023, what assessment he has made of the potential implications for his policies of increases in annual pay growth in (a) higher-paid sectors and (b) lower-paid sectors.
tabling member constituency	Cynon Valley
tabling member printed	Beth Winter
uin	190986
answer	answer is ministerial correction date of answer 03/07/2023 answer text <p>The latest Office for National Statistics data indicates that annual total pay growth (including bonuses) was 6.5% in the three months to April.</p><p> </p><p>The National Living and Minimum Wage rate was adjusted this April, in line with the recommendation from the independent Low Pay Commission (LPC). In light of this, we expect to see over 2 million workers earn a pay rise, and a further 4 million workers could indirectly benefit from said rise. We expect this increase to the minimum wage will put more money in the pockets of over 2.5 million of the lowest-paid people in the country.</p><p> </p><p>The Government’s priority is halving inflation this year, on the path back to the target of 2% CPI. Our commitment to this target is iron-clad and it applies at all times. The Bank of England has the Government's full support as they take action to return inflation to this target through their independent monetary policy decisions, in line with the primacy of price stability in the Government’s monetary policy objective. The Monetary Policy Committee will continue to monitor closely indications of persistent inflationary pressures in the economy as a whole, including the tightness of labour market conditions and the behaviour of wage growth and services price inflation.</p> answering member constituency Arundel and South Downs answering member printed Andrew Griffith grouped question UIN 190987 question first answered 03/07/2023 12:33:57 answering member 4874 label Biography information for Andrew Griffith
tabling member	4809 label Biography information for Beth Winter

1647545

registered interest
date	23/06/2023
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Pay
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, with reference paragraph 39 of the Bank of England Monetary Policy Committee's Monetary Policy Summary and minutes of the Monetary Policy Committee meeting ending on 21 June 2023, what assessment he has made of the potential implications for his policies of that report's predictions for the rate of average weekly earnings growth for the rest of 2023.
tabling member constituency	Cynon Valley
tabling member printed	Beth Winter
uin	190987
answer	answer is ministerial correction date of answer 03/07/2023 answer text <p>The latest Office for National Statistics data indicates that annual total pay growth (including bonuses) was 6.5% in the three months to April.</p><p> </p><p>The National Living and Minimum Wage rate was adjusted this April, in line with the recommendation from the independent Low Pay Commission (LPC). In light of this, we expect to see over 2 million workers earn a pay rise, and a further 4 million workers could indirectly benefit from said rise. We expect this increase to the minimum wage will put more money in the pockets of over 2.5 million of the lowest-paid people in the country.</p><p> </p><p>The Government’s priority is halving inflation this year, on the path back to the target of 2% CPI. Our commitment to this target is iron-clad and it applies at all times. The Bank of England has the Government's full support as they take action to return inflation to this target through their independent monetary policy decisions, in line with the primacy of price stability in the Government’s monetary policy objective. The Monetary Policy Committee will continue to monitor closely indications of persistent inflationary pressures in the economy as a whole, including the tightness of labour market conditions and the behaviour of wage growth and services price inflation.</p> answering member constituency Arundel and South Downs answering member printed Andrew Griffith grouped question UIN 190986 question first answered 03/07/2023 12:33:57 answering member 4874 label Biography information for Andrew Griffith
tabling member	4809 label Biography information for Beth Winter

1582228

registered interest
date	31/01/2023
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Pay
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, if he will make an assessment of the impact of below inflation pay rises on household disposable income.
tabling member constituency	York Central
tabling member printed	Rachael Maskell
uin	136639
answer	answer is ministerial correction date of answer 03/02/2023 answer text <p>Since mid-2021, UK inflation has been pushed higher by global pressures, such as supply chain disruptions from Covid-19, and pressures following Russia’s war against Ukraine. More recently, tightening in the labour market, rising wages and other input prices for firms mean that domestic factors are playing a bigger role. As a result, consumer price inflation was 10.5% in December 2022.</p><p> </p><p>Wages have also grown but remain lower than current levels of inflation.</p><p>Total annual pay growth increased to 6.4% in the three months to November 2022, significantly above pre-pandemic average growth of 3.4% (2019 average).</p><p> </p><p>Below inflation wage growth has led to a fall in real household disposable income. Latest data from the Office for National Statistics (ONS) show real household disposable income decreased by 2.6% on the year in Q3 2022. The OBR, in its November 2022 forecast, expected real household disposable income to fall in 2022 and 2023, and start increasing from Q4 2023.</p> answering member constituency Arundel and South Downs answering member printed Andrew Griffith question first answered 03/02/2023 08:24:30 answering member 4874 label Biography information for Andrew Griffith
tabling member	4471 label Biography information for Rachael Maskell

1581789

registered interest
date	30/01/2023
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Pay
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, how many employers were served with a Notice of Underpayment between 1 January and 31 December 2022.
tabling member constituency	Ashton-under-Lyne
tabling member printed	Angela Rayner
uin	135269
answer	answer is ministerial correction date of answer 07/02/2023 answer text <p>The Government is determined that everyone who is entitled to the National Minimum Wage (NMW) receives it.</p><p><strong> </strong></p><p>HMRC continues to crack down on employers who ignore the law, ensuring that workers receive the wages they are entitled to.</p><p> </p><p>Data on the number of penalties issued by HMRC to employers in breach of National Minimum Wage (NMW) legislation is published routinely by financial years. Table 1 in the link below provides this data for each financial year between 2010/2011 – 2020/2021. The data for 2021/2022 and 2022/2023 has not yet been published.</p><p><a href="https://assets.publishing.service.gov.uk/government/uploads/system/uploads/attachment_data/file/1074680/nlw-nmw-enforcement-compliance-statistics.xlsx" target="_blank"><em>https://assets.publishing.service.gov.uk/government/uploads/system/uploads/attachment_data/file/1074680/nlw-nmw-enforcement-compliance-statistics.xlsx</em></a></p><p> </p><p>The numbers of Notices of Underpayment (NoUs) issued for each financial year between 2010/2011 – 2020/2021 is in the table below.</p><p> </p><table><tbody><tr><td><p><strong>Year</strong></p></td><td><p><strong>Number of NoUs</strong></p></td></tr><tr><td><p>2010/2011</p></td><td><p>1,140</p></td></tr><tr><td><p>2011/2012</p></td><td><p>968</p></td></tr><tr><td><p>2012/2013</p></td><td><p>736</p></td></tr><tr><td><p>2013/2014</p></td><td><p>680</p></td></tr><tr><td><p>2014/2015</p></td><td><p>735</p></td></tr><tr><td><p>2015/2016</p></td><td><p>862</p></td></tr><tr><td><p>2016/2017</p></td><td><p>888</p></td></tr><tr><td><p>2017/2018</p></td><td><p>836</p></td></tr><tr><td><p>2018/2019</p></td><td><p>1,049</p></td></tr><tr><td><p>2019/2020</p></td><td><p>1,031</p></td></tr><tr><td><p>2020/2021</p></td><td><p>610</p></td></tr></tbody></table><p> </p><p>Data covering the year 2022/2023 has not been finalised.</p> answering member constituency Louth and Horncastle answering member printed Victoria Atkins grouped question UIN 135267 136645 136647 question first answered 07/02/2023 18:00:13 answering member 4399 label Biography information for Victoria Atkins
tabling member	4356 label Biography information for Angela Rayner

1506504

registered interest
date	20/09/2022
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Pay
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, if he will make an assessment of the potential impact of trends in the level of labour on levels of pay.
tabling member constituency	York Central
tabling member printed	Rachael Maskell
uin	51776
answer	answer is ministerial correction date of answer 28/09/2022 answer text <p>Labour demand remains strong. The unemployment rate fell to 3.6% in the three months to July, its lowest rate since 1974. Redundancies are close to record lows, 40% below pre-pandemic levels.</p><p>The latest data indicates that nominal pay growth was 5.5% in three months to July.</p><p>There are now more vacancies (up 54% on pre-pandemic levels) than unemployed people for the first time. The Growth Plan announces measures to get more people back into work which, together with the agenda to boost productivity, will drive higher employment, wages and economic growth.</p> answering member constituency Croydon South answering member printed Chris Philp question first answered 28/09/2022 14:13:17 answering member 4503 label Biography information for Chris Philp
tabling member	4471 label Biography information for Rachael Maskell

1491678

registered interest
date	21/07/2022
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Pay
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, what assessment he has made of the assumptions on which the OECD has produced its projection for UK wage growth to be (a) negative and (b) the worst performing in the G7 over the next 2 years.
tabling member constituency	Slough
tabling member printed	Mr Tanmanjeet Singh Dhesi
uin	42176
answer	answer is ministerial correction date of answer 05/09/2022 answer text <p>UK inflation has risen rapidly largely because of global factors such as higher global energy prices and post-pandemic supply chain bottlenecks. More recently domestic factors have played a role; in its June Economic Outlook, the OECD stated that UK wage compensation per employee growth was 5.2% in 2022 and is forecast to be 4.2% in 2023. High inflation is putting downwards pressure on real wages across G7 economies.</p><p> </p><p>The Government understands the pressure households are under, and this year is providing a total of £37bn of support, including £550 of support to the vast majority of households, and at least £1200 to millions of the most vulnerable. In the long term however, the best way to raise living standards is through economic growth, which the government is taking action on through initiatives to boost growth and productivity across the country.</p><p> </p> answering member constituency North East Bedfordshire answering member printed Richard Fuller question first answered 05/09/2022 07:26:54 answering member 3912 label Biography information for Richard Fuller
tabling member	4638 label Biography information for Mr Tanmanjeet Singh Dhesi

1419914

registered interest
date	04/02/2022
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Pay
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, what assessment he has made of the implications for his policies of the statement of the Governor of the Bank of England of 3 February 2022 on the need to see moderation of wage rises.
tabling member constituency	Cynon Valley
tabling member printed	Beth Winter
uin	118644
answer	answer is ministerial correction date of answer 09/02/2022 answer text <p>On 3 February, the Bank of England published their Monetary Policy Report, which updated their forecasts for a range of economic indicators. The government continually monitors such forecasts and economic developments, including changes to wages, to consider the impact on firms and households.</p><p> </p><p>The government is taking action to support a high-productivity, growing economy. This includes through a £3.8bn investment in skills at the Budget and Spending Review last year.</p><p> </p><p>As the global economy recovers from Covid, many economies are experiencing high inflation, in part due to pressures from rising energy prices and disruptions to global supply chains. However, the government understands people’s concerns around increasing prices.</p><p> </p><p>We are taking targeted action worth around £12 billion this financial year and next to help families with the cost of living. We are cutting the Universal Credit taper to make sure work pays, freezing alcohol and fuel duties to keep costs down, and providing support to help households with the costs of essentials. Alongside this, the government has announced a package of support to help households with rising energy bills, worth £9.1 billion in 2022-23.</p><p> </p><p>The separation of fiscal and monetary decisions is a key feature of the UK’s economic framework, and essential for the effective delivery of policy. The government therefore does not comment on the conduct or effectiveness of monetary policy.</p><p> </p> answering member constituency Middlesbrough South and East Cleveland answering member printed Mr Simon Clarke grouped question UIN 118647 question first answered 09/02/2022 08:20:52 answering member 4655 label Biography information for Sir Simon Clarke
tabling member	4809 label Biography information for Beth Winter

1419915

registered interest
date	04/02/2022
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Pay
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, what assessment he has made of the implications for his policies of the findings of the Bank of England Monetary Policy Report of 3 February 2022, that pay has risen by less than prices, such that households real incomes are being squeezed.
tabling member constituency	Cynon Valley
tabling member printed	Beth Winter
uin	118645
answer	answer is ministerial correction date of answer 09/02/2022 answer text <p>We understand that inflation, if higher than income growth, can reduce households’ real income, and that higher prices can increase the cost of living for people and households.</p><p> </p><p>The government is providing support worth around £12 billion this financial year and next to help families with the cost of living. Much of the support in place that will help ease these pressures is UK-wide, for example the increase to the National Living Wage, the change to the Universal Credit taper rate and increase to the Work Allowance, as well as freezes to alcohol duty and fuel duty.</p><p> </p><p>In addition, the government has announced a package of support to help households with rising energy bills, worth £9.1 billion in 2022-23.</p><p> </p><p>The government’s Plan for Jobs is also helping people into work and giving them the skills they need to progress – the best approach to managing the cost of living in the long term.</p> answering member constituency Salisbury answering member printed John Glen grouped question UIN 118646 118648 118650 question first answered 09/02/2022 08:14:01 answering member 4051 label Biography information for John Glen
tabling member	4809 label Biography information for Beth Winter