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Cameron wants wage rises to replace benefits

In a speech yesterday, David Cameron called for a move from a 'low-wage, high-tax, high-welfare society to a higher-wage, lower-tax, lower-welfare society'. Meanwhile, welfare secretary Iain Duncan Smith has told companies to 'pay their full share' of workers' pay rather than leaving it to the state to prop up their incomes through tax credits. But Adam Marshall of the British Chambers of Commerce said assumptions were being made about the relationship between tax credits and pay without 'clear evidence either way'. Businesses should set pay levels based on productivity, performance and market signals, he suggested.

 

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