But instead of admitting this, he replied: “Your question seems ridiculously easy to me. I believe, even my driver can answer your question.” And his “chauffeur” did so.
This is a noticeable step down from the 3–4 per cent range we experienced previously and we are forecasting the current rate of wages growth to continue for the next couple of years. As this period of low wages growth has run on, many people have adjusted down their expectations of how fast their own income will grow in future.