Prices
Fact checks related to the economy in the UK, spending, house prices, public transport, and inflation measures such as the CPI and RPI
Facebook post makes incorrect claims about TV licence fee non-payment
A Facebook post claims £50 million has been lost in licence fee payments this year.
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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
Lisa Nandy said that bus fares have risen 60% in 10 years, 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
The price of Freddos has risen much faster than inflation, and so has the value of the minimum wage.
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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?
Water bills rose sharply after privatisation in 1989 but have been falling slightly in recent years, due to regulatory oversight.
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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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