Labour: Workers 'worse off and feel no recovery'

Rachel Reeves MP, Labour’s shadow work and pensions secretary, has responded to wages rising above the rate of inflation this morning’s by saying:

“At long last earnings are finally rising faster than CPI inflation when bonuses are included, but after four years when prices have risen faster than wages there is a huge amount of lost ground to catch up."

Rachel Reeves MP, Labour’s Shadow Work and Pensions Secretary, Credit: Stefan Rousseau/PA Wire

"Working people are now over £1600 a year worse off than when David Cameron came to office, most people are not feeling any recovery and the link between the wealth of the nation and family finances remains broken".

Read more: Unemployment rate drops to 6.9%

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Wage rises beat inflation for first time in six years

Average earnings increased by 1.7% in the year to February, above the CPI inflation rate for the first time in six years.