Labour party announces plans to raise National Minimum Wage to £10ph
The Labour party has announced its plans to increase the National Minimum Wage to £10 per hour for all workers over the age of 18 by 2020.
This would be a significant increase – the current NMW is £7.50 for over 25s and drops to just £5.60 per hour for 18 to 20-year-olds – and would see six million workers receive a pay rise.
Many businesses have claimed they would not be able afford the increase in wages; however, it is argued that the existing Minimum Wage is not a living wage – especially for young people.
The GMB union has backed the Labour pledge – its £10 Now campaign has advocated an increase in the statutory living wage and an end to age discrimination against younger workers.
Tim Roache, GMB General Secretary, said:
“Wages in the UK aren’t keeping pace with inflation – and that means people are left struggling to pay their rent and put food in their families' mouths.
“The trouble with the Government's knock-off version of the living wage is that it's set at a level that people can't live on. It's why GMB leads the campaign for £10 now. Young people don’t get a discount on their bills, so why should they be paid less?
“Labour’s proposal for a £10 minimum wage for all workers is just plain common sense and offers six million people the pay rise they so desperately need.”