Labour Pledges 23% Rise in U.K. Minimum Wage by 2020

September 21, 2014 11:40 AM

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Ed Miliband, the leader of the U.K.’s opposition Labour Party, pledged to increase the minimum wage to 8 pounds ($13) an hour by 2020 if he wins power in next year’s general election.

Miliband’s proposal, made at the start of his party’s annual conference in Manchester, northwest England, has similarities to his vow last year to make energy companies freeze their bills: both involve money going to voters from businesses, rather than from the government.

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