Yesterday, the announcement was made that the minimum wage should increase from £6.50 to £6.70, which is a real-terms increase. After the great Labour recession, we did not have increases in the minimum wage and it lost its value, but under this Government, it is going up. I can guarantee my hon. Friend that if we keep increasing the minimum wage at the rate it is being increased now, it will get to beyond £8 by the subsequent election. So Labour’s proposal for an £8 minimum wage will mean a cut in the minimum wage. It is like so many of its other policies, including its university tuition fees policy—as someone said today, the first example in political history where you get less for more.