Mike Wood
Main Page: Mike Wood (Conservative - Kingswinford and South Staffordshire)Department Debates - View all Mike Wood's debates with the HM Treasury
(5 years, 6 months ago)
Commons ChamberRead Full debate Read Hansard Text Read Debate Ministerial Extracts
Mr Hammond
I am afraid I do not agree with the hon. Lady about the national living wage. We have set out an ambition for it to reach 60% of median earnings by next year, which we will achieve. As I said in the spring statement, we now need to give a new mandate to the Low Pay Commission for the future trajectory of the national living wage, and I want us to be ambitious in doing that, but I do not want us to price low-skilled people out of work. That is why I have started a series of roundtables, the first of which was the week before last, with representatives from industry and the trade unions to decide what our strategy will be to increase the national living wage in this country.
Mike Wood (Dudley South) (Con)
How many people in the west midlands are benefiting from recent increases to the personal allowance and the higher-rate threshold?
Mr Hammond
The answer is lots. Had I known my hon. Friend was going to ask me that, I would have been able to give him a precise answer. I will write to him.