Fair wages and secure jobs for all
Britain's economy should work for working people. We will build an economy based on good jobs, fair wages, and shared prosperity rather than wealth concentration at the top.
For too long, Britain's economy has been rigged in favour of the wealthy whilst working people struggle with stagnant wages, insecure employment, and rising costs. The pandemic showed us that key workers are essential, yet they remain undervalued and underpaid.
We will introduce a real living wage of £12 per hour, strengthen trade union rights, implement a four-day working week, and create a sovereign wealth fund from North Sea oil revenues. Public ownership of utilities will end profiteering at the expense of consumers.
Our economic model prioritises sustainability, equality, and community wealth building. We will support cooperatives, social enterprises, and local businesses whilst ensuring multinational corporations pay their fair share of tax.
Real wage changes compared to inflation and housing costs since 2010
Interactive chart coming soon| Metric | Current Baseline | Our Target | Improvement |
|---|---|---|---|
| Real Living Wage | £9.50 | £12.00 | Significant |
| Trade Union Membership | 23% | 45% | Significant |
| Zero-Hours Contracts | 3.1 million | 500,000 | Significant |
| Productivity Growth | 0.5% | 2.5% | Significant |
| Income Inequality (Gini) | 0.33 | 0.25 | Significant |
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