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McDonnell responds to news of big increases in household debts

John McDonnell MP, Labour’s Shadow Chancellor, responding to news of big increases in household debts, said “These findings show the true cost of a lost decade of earnings under the Tories.

“Workers should not have to pay for the Tories’ failed economic ideology by taking on unsustainable debt, and deserve a wage that covers the essentials.

“Labour’s manifesto pledged to tackle the problem of spiraling debt and end the crisis of low pay, raising the minimum wage to at least £10 an hour and making sure it applies to all workers over 16.”