Jeremy Corbyn, the Leader of the Opposition, has repeated Labour’s pledge to increase the national minimum wage to £10 per hour. The increase would be implemented immediately in 2020 if the Labour Party won the next General Election.
Corbyn said in a statement:
“Labour’s real living wage will immediately boost the incomes and opportunities of more than 20% of the workforce, especially in sectors such as retail, care and hospitality. We know that where work pays, living standards rise and reliance on benefits falls. This is the right thing to do, and a Labour government will be committed to rebalancing our economy so that no one and no community is left behind”.
The current living wage is set to increase the minimum wage to £9 by 2020, although younger workers may receive a lower rate. Labour’s plan was first mentioned by John McConnell, the Shadow Chancellor of the Exchequer, at the party’s annual conference.