Wednesday 27 July 2016

Theresa May To Slash Employment Rights And Cut Workers’ Wages In Poorer Areas

British Prime Minister Theresa May’s new head of policy has developed plans to cut employment rights and wages in poorer areas. This is not however the first time that she has tried something like this. Previously, the same thing was tried by her.

George Freeman, a Conservative MP, wrote a paper in 2013 arguing that the minimum wage and public sector pay should be “regionalized”.
The paper, ‘The Innovation Economy Industrial Policy’, which he co-wrote with fellow MP Kwasi Kwarteng, suggests reducing the minimum wage in areas where incomes are lower.
Other suggestions included halving corporation tax for big business, abolishing subsidies for green energy, and exempting corporations from paying tax or having to follow employment rights for their first three years.
It also said corporation tax should be cut to 10 percent as a matter of course and advocating moving skilled workers from the public sector to the private sector.
The MP will now chair May’s policy board — despite her suggestions that her government would help workers, rather than “the privileged few”.
“By maintaining uniform national minimum wages and wage rates in the public sector, the Government creates real imbalances in regional labour markets,” he wrote.
There is a possibility of a radically right-wing direction for industrial policy under the now PM. It comes after the Coalition Government commissioned the so-called Beecroft Report, which looked at changes to employment law and suggested making it easier to sack workers.
The new Prime Minister appears to be breaking with the industrial strategy of the last government. Last week, she said all takeovers of British companies should be scrutinized to judge whether they were in the national interest.

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