Miliband: "Some sectors can afford to pay higher wages" and gas prices will be frozen

Carmen Reichman
clock

The national minimum wage will be "strengthened" should Labour get to power following the next election, Labour leader Ed Miliband has pledged.

He said the minimum wage had lost in value since it was first introduced and had to be adjusted with some sectors being able to afford higher wages than others. Financial services, particularly the banks, were already paying higher wages than other firms in some cases and would continue to do so under a Labour government he pledged. Miliband (pictured) told delegates at the Labour conference in Brighton: "The minimum wage has been falling in value and we've got to do something about it. There are some sectors which can actually afford to pay higher wages and some of them are -  [for i...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Your profession

Feel Good Friday: Nine Edge Wealth sponsors young Scottish boxer

Feel Good Friday: Nine Edge Wealth sponsors young Scottish boxer

Sponsors Lara Brown

Professional Adviser
clock 17 July 2026 • 1 min read
Women's Wealth Alliance launches careers guide to attract more women to personal finance profession

Women's Wealth Alliance launches careers guide to attract more women to personal finance profession

Aimed at women at different stages of life and careers

Professional Adviser
clock 16 July 2026 • 3 min read
Women in Financial Advice Awards 2026: Shortlists revealed!

Women in Financial Advice Awards 2026: Shortlists revealed!

All the winners will be announced at a celebratory gala dinner on 4 November

Professional Adviser
clock 15 July 2026 • 10 min read