At the last election, the British people backed us to finish the job we started and now, right across our country, millions of people will be going to work and earning more.
That’s because as well as continuing to create more jobs – more than 350,000 since the last election alone – those on the lowest incomes aged 25 and over will today earn the new National Living Wage – £7.20 an hour, by law. That means 1.3 million lower-paid workers will get a direct pay rise – the biggest jump in a minimum wage in any advanced economy since the financial crisis. The National Living Wage will increase each year, and by 2020 it is forecast to be £9 an hour.
And because we believe that people deserve to keep more of the money they earn, we’ve taken nearly 4 million of the lowest paid out of income tax since 2010. In
This is all part of a plan that is honouring our commitments to the British people to deliver a higher wage, lower welfare, lower tax country that finally lives within its means. It’s a modern, compassionate Conservative government in action.