(10 years, 4 months ago)
Commons ChamberI absolutely agree with the measures proposed by my hon. Friend the Member for Streatham (Mr Umunna) in his opening speech. I say that not just to dissipate the impression of disloyalty that I might have created by an article in the Daily Mail this morning, but because those measures will restore what we desperately need in this country—more stability in the labour market. We have had a long period in which wages have increased by less than inflation in 46 of the past 47 months of statistics since the coalition came to office. That has to be ended, because it is creating a very undesirable kind of society. It is the kind of society described by Professor Piketty—or I should say, because he is French, Professor Piketté—in his book, “Capital”.