Jose Angel Gurria at Treasury Conference unveiling OECD's UK economic survey

The video presents an economic survey of the UK, highlighting improvements since the last survey. Previously, the UK economy was stagnant with high unemployment and inflation. Currently, the UK shows strong growth, leading the G7 with a 2.6% increase. The labor market has improved significantly, with 3 million jobs created since 2010. In comparison to the US, the UK has performed better in relative terms. Unemployment has decreased to 5.7%, matching the US rate, while inflationary pressures have diminished. Real wages are rising, indicating better job quality. The economic expansion is expected to continue.

What trend is observed regarding real wages in the United Kingdom?

What is the predicted economic outlook for the United Kingdom for this year and next?