UK economy, Wage

UK set for worst wage growth since the 1920s, Labour research finds

“Even with this year’s increase in the minimum wage, the Tories will have overseen the slowest pay growth in a century and the third slowest since the 1860s,” he said.

George Osborne has justified cuts to in-work benefits by arguing that the government is transitioning the UK from being “a low-wage, high-welfare economy to a high-wage, low-welfare economy”, a claim that Smith said was contradicted by wage-growth figures.

UK set for worst wage growth since the 1920s, Labour research finds

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