Smith Pledges Lower Minimum Wage Than Tories

OWEN SMITH WAGE

Owen Smith has this morning pledged to raise the minimum wage to £8.25 in a pitch aimed at wooing Corbynistas. Just one problem. George Osborne’s Living Wage means it is set to increase to £9 for workers aged 25 and older by 2020. On top of this, Trading Economics have created a model forecasting minimum wage increases to approximately £9 per hour for all workers by 2020 anyway. So Smith’s offer is effectively a 75p cut. Slow clap.

Meanwhile Oily has been up in Liverpool, drawing very modest crowds in comparison to Jezza. Interesting that Merseyside MPs Luciana Berger, Louise Ellman, Frank Field, Conor McGinn, Alison McGovern and Angela Eagle were nowhere to be seen. Have they given up already?




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Quote of the Day

George Osborne paraphrases Boris, telling the FT:

“If the ball came loose at the back of the scrum, I wouldn’t fumble it”

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