Stat of the day: £7 an hour

The amount 'Red Ed' Miliband wants to raise the minimum wage to if he's elected to Government.

by MT Staff
Last Updated: 09 Oct 2013
Poor Ed Miliband. Not only is he having to grapple with his brother's accidental slip-up yesterday (cracks began to appear in the mask of brotherly love as he snapped, 'Why are you clapping? You voted for it' at Harriet Harman as she applauded Ed's criticisms of the Iraq war. Yeouch), but he's also struggling to shake off that 'Red Ed' tag. It probably doesn't help that Miliband used his speech yesterday to unveil plans to raise the minimum wage to £7. That's almost 20% higher than the new (higher) rate of £5.93 set to come in at the beginning of October. We'll leave the last word to David Frost, the director-general of the British Chambers of Commerce, who points out that that sort of rise will 'add a significant cost for business'. 'It would be very dramatic and would harm job creation. He needs to be a bit more understanding about business'. Indeed.

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