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Autumn Statement ‘Buried Bad News’ Of £340m Minimum Wage Hit To Low Paid

Rebecca Long-Bailey MP told HuffPost UK: “Philip Hammond tried to use the Autumn Statement to bury the bad news for those on low incomes who will see a loss in wages due to the last 6 wasted year of Tory economic failure.

“Those on the National Living Wage will now be £1,300 a year worse off by 2020, while 0.3% of some of the richest people in our country will still get a capital gains tax giveaway worth £3,000 on average.”

Shadow Chancellor John McDonnell last week pointed out that the ‘national living wage’ was not the ‘real living wage’ Britain’s workers needed, and said even the 30p rise was not “the level promised” by Osborne.

Labour has vowed it would deliver a £10 an hour minimum wage by 2020.

Last week, the Chancellor taunted Labour by pointing out that it had taken a Tory Government to introduce a ‘national living wage’ that had helped a million low paid workers with a pay rise.

Katherine Chapman, director of the Living Wage Foundation, said the increases to the National Living Wage were welcome, but it those planned were still not enough to help families meet everyday costs.

Article source: http://www.huffingtonpost.co.uk/2016/11/28/national-living-wage-burying-bad-news-hammond-john-mcdonnell-labour-analysis_n_13279004.html?utm_hp_ref=uk-politics&ir=UK+Politics