George Osborne tells us today that he is introducing a living wage – which will rise to £9 by 2020.
I just dug out this graph from the Low Pay Commission:
If you extrapolate the rise in the minimum wage during the New Labour period (2000 to 2010) through to 2020 you might well end up with something close to a £9 minimum wage.
As the kids say, “lol”.
As Labour says, “Oish”.
As Iain Duncan Smith says, “YEEEAAAAHHH!”