The Office for Budget Responsibility (OBR) forecasts rates of inflation (through the Consumer Price Index) and average earnings known as the OBR Historical Official Forecasts database. A copy of this is attached.<\/p>
<\/p>
Using figures published in the OBR Historical Official Forecasts Database, we note that between 2018 and 2021 earnings growth is forecasted to be consistently higher than inflation.<\/p>
<\/p>
Our welfare reforms to working-age benefits are part of the Government\u2019s commitment to incentivise work as the best route out of poverty and support working families. This includes the introduction of the National Living Wage and cutting income tax for over 30 million people. For those in a position to work, earnings provide the best opportunity for income progression. Further, benefits for the additional cost of disability and benefits for pensioners continue to be uprated, as we are committed to supporting the most vulnerable groups.<\/p>"} , "answeringMember" : {"_about" : "http://data.parliament.uk/members/3349", "label" : {"_value" : "Biography information for Baroness Buscombe"} } , "answeringMemberPrinted" : {"_value" : "Baroness Buscombe"} , "attachment" : {"_about" : "http://data.parliament.uk/resources/777489/answer/attachment/1", "fileName" : {"_value" : "HL2504.xlsx"} , "title" : "OBR Historical Official Forecasts Database"} , "dateOfAnswer" : {"_value" : "2017-11-02", "_datatype" : "dateTime"} , "isMinisterialCorrection" : {"_value" : "false", "_datatype" : "boolean"} , "questionFirstAnswered" : [{"_value" : "2017-11-02T15:26:07.387Z", "_datatype" : "dateTime"} ]} , "answeringDeptId" : {"_value" : "29"} , "answeringDeptShortName" : {"_value" : "Work and Pensions"} , "answeringDeptSortName" : {"_value" : "Work and Pensions"} , "date" : {"_value" : "2017-10-25", "_datatype" : "dateTime"} , "hansardHeading" : {"_value" : "Social Security Benefits"} , "houseId" : {"_value" : "2"} , "legislature" : [{"_about" : "http://data.parliament.uk/terms/25277", "prefLabel" : {"_value" : "House of Lords"} } ], "questionText" : "To ask Her Majesty's Government what is their assessment of the impact of the changing cost of living on incomes, particularly for those in receipt of income-related benefits.", "registeredInterest" : {"_value" : "false", "_datatype" : "boolean"} , "tablingMember" : {"_about" : "http://data.parliament.uk/members/4312", "label" : {"_value" : "Biography information for The Lord Bishop of Durham"} } , "tablingMemberPrinted" : [{"_value" : "The Lord Bishop of Durham"} ], "uin" : "HL2504"} ], "itemsPerPage" : 10, "page" : 0, "startIndex" : 1, "totalResults" : 1, "type" : ["http://purl.org/linked-data/api/vocab#ListEndpoint", "http://purl.org/linked-data/api/vocab#Page"]} }