Britain needs a payrise, reckons PM during election drive

10 February 2015

david cameron government David Cameron thinks that businesses need to pass on some of those lovely profits to everyone else. And he's right of course, even if his timing is a little bit suspect and there's a strong chance he'll do absolutely nothing to ensure that it happens.

The Prime Minister says that trading conditions in Britain have 'not been this good for a long time', so it is about time that employees got a pay rise. With energy bills falling slightly and the price of oil down, the UK's recovery has been growing at the quickest rate since the economic downturn.

Cameron says: "The most recent figures show that wages are already growing faster than inflation, and as the economy continues to grow it's important this continues and that everyone benefits. Put simply – it's time Britain had a pay rise."

Obviously, this sentiment comes after years of everything becoming more expensive and wages staying relatively frozen. It would've been nice if someone had done something about it years ago, but there we go.

Cameron will be talking to the British Chambers of Commerce in a bid to persuade the nation's bosses that staff should be given an increase in their wages.

He adds: "To make sure more of those workers feel the effects of this recovery, this Government has already delivered the first real-terms increase in the minimum wage since the crisis. I want that to go further – indeed we are on a trajectory to over £8 an hour by 2020. As for business – the conditions have not been this good for a long time."

"Now that your costs are falling and it's cheaper to do business, I'm confident that more businesses will pass on that good economic news to their workers, in rising pay cheques and higher earnings."

One thing Cameron could oversee, is a raise in the minimum wage and make a move to giving everyone a living wage and put an end to zero-hour contracts, but holding your breath on that would be ill-advised. Not that the Opposition look at all useful either.

TOPICS:   Banking   Economy

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