Think Left

The first Conservative Budget in 18 Years declares war on the Young and the Poor

From Alex Little: @alittleecon 

First Published here

The most eye-catching announcement in today’s Budget perhaps was the one about the “National Living Wage”, set to be introduced for over 25s next April at £7.20 per hour. This falls below the actual living wage of course, said to be £7.85 an hour outside London, but Osborne announced his intention to raise it to £9ph by 2020, which assuming the OBR’s inflation forecasts are right would actually see wages rise (outside London) to above the living wage by 2020. Iain Duncan Smith in particular seemed delighted: 

With this announcement Osborne also managed to make Labour leadership hopeful Liz Kendall look a bit daft after she announced last week that she would look for ways to get businesses to voluntarily pay the living wage.

What Osborne didn’t say…

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