Question to the HM Treasury:
To ask Mr Chancellor of the Exchequer, what plans he has to tackle wage stagnation among young people and low wage earners.
The government introduced the National Living Wage in April 2016, which benefitted around 1.7 million low paid workers and delivered the fastest wage growth for the lowest paid in 20 years. Furthermore, the government has boosted take home pay with increases to personal allowance, where 1.3 million individuals will be taken out of income tax this year.
The government is also investing in young people, through expanding the apprenticeship programme in England increasing spending on apprenticeships to £2.5bn in 2019-20. Budget 2017 also announced an additional £500m to be invested each year in England’s technical education system. This will help give young people the skills they need to succeed in the world of work.