UK wages rising at fastest rate since October 2007, thinktank says

Resolution Foundation predicts that weekly earnings growth will have hit an annual rate of between 2.5% and 2.6% between February and April

Employment figures for April due later this week are expected to show the biggest rise in real wages growth for nearly eight years, according to new analysis.

The data will give George Osborne a post-election lift after a weak first few months of the year that have shown manufacturing output slide backwards and the biggest boost to growth come from the City and the hotel and restaurant sectors.