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Labour promises pay rise of over £2,600 per year – Jeremy Corbyn

Jeremy Corbyn MP, Leader of the Labour Party, has hit out at the government for “creating a perfect storm of low pay, insecurity and working poverty” that is “causing terrible stress for millions of families across the country”.

• This comes as new House of Commons Library analysis shows that Labour’s pledge to raise the National Living Wage to £10 an hour in 2020 would give a pay rise of £2,640 to those on the National Living Wage.

• New analysis from Labour has also revealed that the number of adults living in families where one or more person is working, who do not have any savings has risen to 12.8 million. This is an increase in 2.5 million since 2010 and an increase of over million between 2015/16 and 2016/17 alone.

• This comes in the same week the ONS confirmed that household debt has been steadily increasing since 2013, with household debt now at 133 per cent of income.

Jeremy Corbyn will use a visit to Worcester Housing and Benefit Advice Centre, a charity offering advice and support to people struggling with rent arrears, debt and problems with benefits, to highlight rising levels of insecurity and poverty and set out Labour’s policies to introduce a Real Living Wage of £10 an hour, stop the rollout of Universal Credit and ban zero-hours contacts.

Jeremy Corbyn MP, Leader of the Labour Party, said “With real wages lower than they were ten years ago, deep cuts to social security, rising borrowing just to make ends meet and the growth of insecure work, the Conservatives have created a perfect storm of low pay, insecurity and working poverty.

“This rising insecurity, with so many without savings to fall back on, is causing terrible stress for millions of families across the country.

“These scandalous levels of in-work poverty are unacceptable and must be brought to an end. Every job should provide dignity and security. That’s why the next Labour Government will introduce a Real Living Wage putting over £2600 per year more in the pockets of around 6 million low paid workers, stop the roll out of Universal Credit and ban zero-hours contracts.