Labour analysis of the Autumn Statement this week reveals that, following the last six wasted years of Tory economic failure, six million working people on low incomes will see a reduction in pay. 

The decision by the Chancellor to cut the National Living Wage this week could see 2.7 million people now directly face a cut in their incomes of up to £1,324.96 by 2020, with a further three million effected indirectly further up the pay ladder 

Rebecca Long-Bailey MP, Labour’s Shadow Chief Secretary to the Treasury, commenting on the findings, said:

“Philip Hammond has betrayed working people on low-incomes, or those who he refers to as “JAMs”, as they will now be £1,300 worse off.

“There was a real opportunity to use last week’s Autumn Statement to stand up for working people, but yet again the Tories are carrying on with billions of pounds worth in giveaways to a rich few, while hitting many working families on the National Living Wage with cuts to their incomes.

“It further proves that only a Labour government can make an economic success of Brexit, to ensure no-one and no community is left behind.”