£10 real living wage in 2020 say Labour

Monday 26 September, 2016 Written by 
Labour Party

Labour would introduce a "real living wage" of at least £10 an hour in 2020 if in power, shadow chancellor John McDonnell has told the party's conference.

Everyone will earn enough to live on said Mr McDonnell

Labour plans to end austerity, fight for "the best" Brexit deal and to build a "manufacturing renaissance".

A new National Living Wage, which came into force in April, requires employers to pay workers over 25 at least £7.20 an hour, rising to £9 by 2020.

Other goals stated are:

  • "end the social scourge of tax avoidance" by doubling the number of HMRC staff working in this area and banning "tax-dodging companies" from winning public sector contracts
  • fight for the "best possible" Brexit deal for the UK
  • to ensure there are "no more (former BHS) Philip Greens"
  • rewrite the Takeover Code to make sure every takeover proposal has a clear plan in place to pay workers and pensioners
  • to repeal the Trade Union Act
John McDonnell vows '£10 real living wage in 2020'

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