My workers’ rights Bill will boost the economy, insists Rayner
Angela Rayner insisted her workers’ rights package would boost the economy after a Cabinet colleague suggested it could be watered down...
Businesses have also warned that the unintended consequences of the reforms risk strangling entrepreneurs in red tape and undermining Sir Keir Starmer’s drive to get people back to work.
But in a rebuke to her critics, the Deputy Prime Minister insisted that both her legislation and the 6.7 per cent minimum wage rise this week would drive economic growth.
Well 'boost' is a change from 'turbocharge', but maybe 'boost' is more suitably modest for measures which aren't likely to boost anything much, although we shouldn't exclude the possibility of unemployment receiving a boost.
Angela's colleagues are likely to be happy enough that she refers to it a "my" workers' rights Bill though. They'll vote for it but don't necessarily want ownership.
8 comments:
Funny way to spell 'bust'
decnine - it's Angela trying out a posher accent
I'm crap at economics, but raising the minimum (or is it now the 'living') wage, (which will.lessen the employer's profits), while at the same time, increasing the employer's national insurance contributions (which will lessen the employer's profits) hardly seems a good decision. I wonder where Rachel from Accounts got her qualifications and did the ginger growler really get a GCSE in maths?
Penseivat
Penseivat - I'm crap at economics too, but you must be right, raise the price of labour and demand for it goes down or prices go up or both. Treasury models must show this, so we may as well assume that the people making these decisions don't care. Or it's tactical, they want to undermine the power of the huge Labour majority.
If all workers get more pay that must increase the number of children in relative poverty. That will need more benefits, thus more taxes.
The people doing essential work will then want more pay.
Those in non essential work (you know who I mean)will want more pay.
The living wage will fall behind.
Rinse and repeat.
Meanwhile we, as a country, act as lady bountiful around the world, aaaand
The number of new citizens-in-waiting is increasing, is not gainfully employed and pays no tax.
Doonhamer - yes, Angela should have learned about cause and effect from an early age, but apparently not.
Move all the Labour Cabinet to Broadmoor and all the inmates to Westminster Parliament and see if it makes a difference.
Tammly - I have a suspicion that they have already done it.
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