Wage Levels

Part of Oral Answers to Questions — Treasury – in the House of Commons at 12:00 am on 11th September 2018.

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Photo of Philip Hammond Philip Hammond The Chancellor of the Exchequer 12:00 am, 11th September 2018

The hon. Gentleman needs to look a little deeper. The real answer to low wages is improving productivity. The challenge for this Government—for any Government in this country—is to work with industry, trade unions and training institutions to ensure that we address our productivity challenge. That means investment in infrastructure and skills, support for businesses to improve management, and access to capital for growing businesses. Only when business is growing, successful and productive can it pay the higher wages that we all want to see.