This article was last updated on April 16, 2022
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Prime Minister David Cameron is planning to request business leaders in the U.K. to start passing on the benefits of growth and low oil prices to their employees by giving them a pay rise. The Prime Minister is anticiapted to stress that a succesful economy should not only be demonstrated in the GDP figures but also in the workers ’ wallets. He will point out that above-inflation rise in the minimum wage are a sign that the Government is doing its bit as he tells businesses that “it’s time Britain had a pay rise.”
During a speech at the British Chambers of Commerce annual conference, PM Cameron is scheduled to say that “economic success can’t just be shown in the GDP figures or on the balance sheets of British businesses … but in people’s pay packets and bank accounts and lifestyles.” Furthermre, he will add that “the most recent figures show that wages are already growing faster than inflation and as the economy continues to grow it’s important this continues and that everyone benefits. Put simply – it’s time Britain had a pay rise.”
PM Cameron hopes that growing economic confidence will boost the chances of Tory success at the general election as it appeals businesses to share the proceeds with their workforces. He is anticipated to highlight that the “astounding job creation” in the economic recovery meant “1,000 more people in work, on average, every single day since the election” in 2010. The Prime Minister will allege that the Government is delivering “the first real-terms increase in the minimum wage since the crisis.”
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