Corbyn promises pay rise of more than £2,600 a year to low waged

Low-paid workers will get a wage rise of more than £2,600 per year under a Labour government, Jeremy Corbyn will say.

Mr Corbyn is using a visit to Worcester on Thursday to accuse the Government of creating a “perfect storm of low pay, insecurity and working poverty”.

Labour says that analysis by the House of Commons Library shows that the party’s promise to raise the National Living Wage to £10 an hour in 2020 would give a boost of £2,640 to workers on the payment level.

The party also states that research by Labour indicates 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.

Labour says this is an increase of 2.5 million since 2010, with a rise of more than one million between 2015/16 and 2016/17 alone.

Mr Corbyn will say: “With real wages lower than they were 10 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 £2,600 per year more in the pockets of around six million low-paid workers, stop the roll-out of Universal Credit and ban zero-hours contracts.”

A Conservative Party spokesman said: “Jeremy Corbyn’s numbers don’t add up, and just like last time and it’s ordinary people who would pay the price through lower wages, higher taxes and fewer jobs.

“They always take it too far.

“It’s because of our National Living Wage that millions of hard working British people have seen a pay rise increasing their wage by £2,750, with the lowest paid seeing the biggest pay rise whilst over three million people have been helped into work.

“At the same time we’ve cut taxes for 32 million people, taking the lowest paid out of paying income tax altogether, and taken action to reduce the cost of living.”

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