New figures from the Office for National Statistics have found median weekly pay for full-time employees in Redditch is growing at a faster rate than the UK average.
Between 2010 and 2018, there has been a 35 per cent increase in median weekly pay for full-time employees in Redditch.
In 2010, full-time workers in Redditch were taking home £357.70 a week. Eight years later workers are now earning £483.50 a week. This means full-time employees in Redditch are pocketing an extra £125.80 a week more than they were in 2010.
Wages in the UK are now growing at their fastest rate in a decade, and above inflation. There has been a 14 per cent increase in the UK median weekly pay for full-time employees between 2010 and 2018. These figures from the Office for National Statistics show that wages in Redditch have grown at a more sustained and faster pace than the UK average.
In welcoming the wage growth, Rachel said: “Clearly this is great news and these figures show there has been rapid wage growth here in Redditch since 2010. Residents are earning more and, as a result of last week’s Budget, they will also be benefiting from tax cuts too.
“The increase in the National Living Wage is helping to boost incomes for my constituents, and I’m glad the rate will be going up again next year, putting more money in people’s pockets.
“This wage growth is on top of the fact unemployment in Redditch has fallen by 48% since 2010 and 355 businesses have been created in eight years.
However, wages in Redditch continue to lag behind the West Midlands and UK average.
Rachel added: “More needs to be done to unlock Redditch’s potential so that we can pull the average weekly earnings up to the national average and hopefully beyond.”