Cost Of Living Crisis

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04 Mar 2014

The Prime Minister refuses to admit there’s a cost of living crisis in Britain. For many working families who rely on the minimum wage, that must feel both tough and out of touch. The value of the minimum wage has been eroded since the Government took office, as prices have risen faster than wages and families have been left £1,600 worse off.

People need action now to help them with the cost of living crisis. That’s why I welcome the Low Pay Commission’s announcement last week to increase the National Minimum Wage to £6.50. So much more could be done to tackle low pay and help working families yet the Government fails to act.

I would like to see the minimum wage strengthened so its value is properly restored and make sure that it is properly enforced including through local authorities. As well as a higher minimum wage, the Government should adopt plans to incentivise the living wage and expand free childcare for working parents.

Britain needs an economy that works for working people and to help us earn our way out of the cost of living crisis we face.