BlogLatest NewsWages are set to rise by more than inflation for the first time in six years

Wages are set to rise by more than inflation for the first time in six years

Wages are set to rise by more than inflation for the first time in almost six years, says an economic forecaster.

EY says a "long period of low inflation" means average earnings could rise faster than the cost of living as early as this month.

It believes low inflation and a strong pound will keep an interest rate rise on hold until the end of 2015.

The auditor also thinks the UK economy will see "decent but unspectacular" growth of 2.9% this year.

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