Wages in Britain today simply do not match the cost of living. The gap between the richest and the poorest continues to increase and in-work poverty is becoming a major problem all across the country.
The Conservatives simply have no interest in helping those affected. Theresa May likes to talk about helping those who are “just about managing” but takes no meaningful action to address poverty pay.
£7.50 an hour is not a real Living Wage that meets the cost of living in Britain today. Those under 25 are entitled to less, even when doing the exact same job as an older worker at the same company. It is simply unfair.
I am delighted to see that Labour have committed to take on these challenges and provide much needed help for low-paid workers.
The introduction of a real Living Wage for all adults, increasing over time to match the recommendations of the Living Wage Foundation, would be a huge step forward. This should be at least £10 an hour by 2020.
Labour’s real Living Wage would give a pay rise to the 5.6 million workers who currently don’t earn enough to meet the cost of living.
Workers over the age of 25 would get a pay rise worth £2,500 a year. Workers aged 21-24 currently on the minimum wage will also see their wages rise by over £4,500 a year.
This is a bold but realistic plan to help working people in Britain.