POLITICS

Budget 2014: OBR Chart Shows Brits' Wages Won't Rise For Years

20/03/2014 10:56 GMT | Updated 20/03/2014 11:59 GMT
ASSOCIATED PRESS
Britain's Chancellor George Osborne poses for the media with the traditional red dispatch box outside his official residence at 11 Downing Street in London, as he departs to deliver his annual budget speech to the House of Commons, Wednesday, March 19, 2014. (AP Photo/Kirsty Wigglesworth)

George Osborne's Budget may have been aimed at helping the "doers" in Britain, but the government's independent forecaster does not expect working Britons to see their wages start to rise after inflation for the rest of the decade.

According to the Office for Budget Responsibility, real wages are predicted to keep stagnating for the rest of the decade in an indication that the growth in workers' pay packets will remain subdued.

obr

At the same time, a poll for the Edelman PR agency found that 50% of the general population do not think that the Budget will affect their standard of living.

Over a third of Britons said that they expect austerity to last for three to five more years. However, in good news for George Osborne, most Britons (23%) said they trusted the Tories to manage the economy, while the Lib Dems were the least trusted - at just 7%.

George Osborne and his big red box

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