Media playback is unsupported on your device

Government 'securing people's personal finances', says MP

Most British workers have seen their take-home pay rise in real terms in the past year, the government says.

Ministers say new figures show everyone except the richest 10% saw their take-home wages rise by at least 2.5% once tax cuts were taken into account.

Labour MP Cathy Jamieson told the Today programme that the public still "do not feel things are getting better", because any potential economic benefits are "not filtering through" to them.

Conservative MP Matthew Hancock explained that the government's plans are "long-term" and "helping to make people's personal finances secure".

First broadcast on BBC Radio 4's Today programme on Friday 24 January 2014.

Go to next video: IMF increases UK growth forecast