Why Osborne is copying – and bettering – Miliband’s minimum wage pledge
During the last Labour campaign, there will be been a few moments where George Osborne will have looked at Ed Miliband proposals and thought: damn! Wish we’d come up with of that. Take a pledge to raise the minimum wage to £8 by 2020. That was Miliband’s pledge; Osborne says £9. Doesn’t cost the government a penny. In fact, it’s better off because of lower welfare payments. So the politician gets to come across all generous, while saving about £200 million in lower welfare! Result! A higher minimum wage could be a massive (and revenue-raising) spoonful of sugar to make the medicine of tax credit reform go down. So it’s now £9/hr by
