Saturday, December 14, 2019
Home Economy Labour pledge £2,600 per year pay rise for Britain's low-paid

Labour pledge £2,600 per year pay rise for Britain’s low-paid

Jeremy Corbyn MP has hit out at the UK government for “creating a perfect storm of low pay, insecurity and working poverty” that is “causing terrible stress for millions of families across the country”.

The Labour leader will use a visit to Worcester Housing and Benefit Advice Centre, a charity offering advice and support to people struggling with rent arrears, debt and problems with benefits, to highlight rising levels of insecurity and poverty.

He will set out Labour’s policy to introduce a Real Living Wage of £10 an hour, stop the rollout of Universal Credit and ban zero-hours contacts.

Photo: Pixabay

Jeremy Corbyn said: “With real wages lower than they were ten years ago, deep cuts to social security, rising borrowing just to make ends meet and the growth of insecure work, the Conservatives have created a perfect storm of low pay, insecurity and working poverty.

“This rising insecurity, with so many without savings to fall back on, is causing terrible stress for millions of families across the country.

“These scandalous levels of in-work poverty are unacceptable and must be brought to an end.

“Every job should provide dignity and security.

“That’s why the next Labour Government will introduce a Real Living Wage putting over £2600 per year more in the pockets of around 6 million low paid workers, stop the roll out of Universal Credit and ban zero-hours contracts.”

It comes as new House of Commons Library analysis shows that Labour’s pledge to raise the National Living Wage to £10 an hour in 2020 would give a pay rise of £2,640 to those on the National Living Wage.

Labour analysis has revealed that the number of adults living in families where one or more person is working, who do not have any savings has risen to 12.8 million.

This represents an increase in 2.5 million since 2010 and an increase of over million between 2015/16 and 2016/17 alone.

Meanwhile, the Office for National Statistics has confirmed that household debt has continued increasing since 2013, with household debt now at 133% of average income.

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