Sir Keir Starmer announces an increase in the National Living Wage, calling it a “boost” for everybody subject to it. The Labour leader says the change will make a “significant difference”. Report by Ajagbef. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
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00:00Because the National Living Wage is being adjusted today, it's going up you'll be
00:04pleased to know and that means that on average people be £1,400 better off a
00:10year which is a lot of money will make a significant difference. One of the things
00:15that we said that we would do as a Labour government is to make sure people
00:19felt better off and therefore we've had three interest rate cuts as you
00:25probably know since the election. That means anybody who's on a mortgage has
00:30seen their mortgages come down that makes a big big difference. Wages are
00:34going up generally quicker than prices so that makes people feel better off. The
00:40National Living Wage today then is a boost for everybody subject to the
00:45National Living Wage or affected by it in some way by £1,400.