Low-paid Workers: Wage Growth

Part of Oral Answers to Questions — Treasury – in the House of Commons at 12:00 am on 28th November 2017.

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Photo of Philip Hammond Philip Hammond The Chancellor of the Exchequer 12:00 am, 28th November 2017

The national living wage will rise to £7.83 from April 2018. In total, that represents a pay rise of over £2,000 for a full-time minimum wage worker since the introduction of the national living wage in 2016, which has helped to reduce the proportion of full-time jobs that are low paid to the lowest level in at least 20 years. At the same time, in-work benefits support the incomes of poorer households and universal credit will mean that it always pays to progress in work. Sustainable long-term pay growth relies on improving productivity, which is why we are increasing the national productivity investment fund to more than £31 billion.