National Living Wage: Labour says pay should increase to at least £10 an hour

Household money

Updated on 27 September 2016 | 6 Comments

Shadow chancellor John McDonnell wants to see the National Living Wage increased to at least £10 an hour. Do you agree?

Shadow chancellor John McDonnell has pledged to increase the Living Wage to at least £10 an hour if Labour wins the next election.

He added that the party would shift the tax burden away from wages and towards those who hold the wealth.

Addressing the Labour conference yesterday (September 26), he said:

"Under the next Labour Government, everyone will earn enough to live on. When we win the next election we will write a real Living Wage into law.

"We'll charge a new Living Wage Review Body with the task of setting it at the level needed for a decent life. Independent forecasts suggest that this will be over £10 per hour."

Reassuring sceptics, McDonnell said there would be support for small businesses to ensure that the higher rate didn’t cost jobs, adding that the new wage would be in place by 2020 following a Labour victory at the next election.

He also laid out plans to end austerity, fight for “the best” Brexit deal and to build a “manufacturing renaissance”.

The National Living Wage was introduced by Government in April 2016 and is currently set at £7.20 an hour for over 25s, rising gradually to £9 an hour by 2020.

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Over to you: what do you think the National Living Wage should be? Let us know by voting in the poll below!

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