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The Labour Party is renewing its promise to boost the Tory minimum wage – recently mis-renamed the ‘National Living Wage’ – to make it live up to its new title.

The Tory version of the living wage falls far short of its name, and will worsen over time, according to the Office for Budget Responsibility.

Labour promised to boost it to the full amount in the run-up to the general election in June – and is renewing that promise today.

Here’s a report from LabourList:

Labour today continues its wave of campaigning with a pledge to end the “unprecedented” squeeze on wages.

Rebecca Long-Bailey said the party would would boost the pay packets of a quarter of British workers by introducing a real living wage.

In some parts of the country, the benefit would be felt for more than 40 per cent of workers, with Labour’s research shows that real wages – pay packets adjusted for inflation – are still lower than they were before the financial crisis of a decade ago.

Long-Bailey, the shadow business secretary, described the stagnation of real wages as “unprecedented since at least the second world war”.

George Osborne’s national living wage is lower than the real living wage proposed by Labour. It will reach just £8.75 by 2020, according to the Office for Budget Responsibility, not the £9 that had been promised.

For 21-24 year-olds, the wage will be even lower, at just £7.75 by 2020. Labour would raise the national minimum wage to the living wage – expected to be £10 by 2020 – and apply it to all workers aged 18 upwards.

Source: Labour sets out plans for £10 living wage to end Osborne’s pay “con” | LabourList


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