Get the facts: Prices
House price growth has outstripped income growth—but not by much
A chart on Facebook compares two different measures, which makes the rise in income look smaller than it was.
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Gambling spend down since 2008 on average
Licensed gambling has grown 40% over the last decade. However, this is largely because before 2014 non-UK online gambling firms weren’t counted.
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Bus fares have risen faster than wages since 2010
The Labour leadership candidate said that bus fares have risen 60% in 10years, which is correct using one estimate, but doesn’t take the change in wages into account.
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Labour claims about savings under their policies are not credible
These figures are not credible and do not represent what “average families” will save under Labour’s policies.
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The price of Freddos has risen five times faster than inflation
A humorous post compares the rise in price of Freddos to increases in the minimum wage. Both have risen above inflation over the last two decades.
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Wage growth is only the fastest in a decade if you ignore inflation
Weekly wages in cash terms are rising at their fastest rate in a decade. But accounting for inflation it’s only the fastest for two years.
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Water rip-off? Are water bills up 40% since privatisation?
Bills rose sharply after privatisation in 1989 but have been falling slightly in recent years.
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How have wages changed over the past decade?
The UK average weekly wage has fallen from around £540 to £520 in real terms over the past 10 years. Wages have levelled off since 2016.
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The government hasn’t u-turned on energy price caps
The government did introduce legislation to allow for temporary energy tariff caps, as promised in the 2017 Conservative manifesto.
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Are rail fares out of control?
The average rail fare in Britain has increased by 20% in real terms since 1995, though it dropped by 1% between 2017 and 2018.
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