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The government’s long-term economic plan is securing the recovery.
This will mean that Britain is better prepared for future shocks, ensuring long term economic security.
The first duty of government is to ensure the economic and national security of the country.
The Spending Review: The government will provide opportunity for working people through higher wages, lower taxes and lower welfare, and support them in retirement through the triple lock on pensions.
The government is taking action to reward work and aspiration, reduce bills for households and support first time buyers in securing their own home.
The Office for Budget Responsibility () and benefiting from the introduction of the government’s National Living Wage (NLW) are expected to see their wages rise by around 40% over the next 5 years, the biggest increase over a 5-year period since the introduction of the forecasts up to 6 million could see a pay rise as a result of a ripple effect causing pay to rise further up the earnings distribution.