Dr James Davies MP welcomes record high level of jobs in the Vale of Clwyd
Dr James Davies has welcomed recent figures showing that unemployment has dropped to its lowest national rate since 2005, with 2.5 million more people across the United Kingdom back in work having the security of a regular pay packet than in 2010.
Today there are 101,000 more people in work across Wales and in the Vale of Clwyd the number of people claiming Jobseeker’s Allowance and Universal Credit has fallen by 801– a 44% per cent drop – since 2010.
In addition to this, on 1 April 2016, workers aged 25 and over and not in the first year of an apprenticeship became legally entitled to at least £7.20 an hour under the new National Living Wage – that’s an extra 50 pence an hour compared to the National Minimum Wage – a £20 a week pay rise for a full time worker.
1.3 million hardworking people across the country are benefiting directly from the National Living Wage – which is set to rise to £9 an hour by 2020 – while 6 million could see a pay rise as a result of a ripple effect pushing wages up across Britain.
At the same time, the tax-free personal allowance was increased so that hardworking people keep more of the money they earn. On 6 April 2016 the personal allowance rose to £11,000 – a saving of £80 – and from April 2017 it will rise again to £11,500 – taking 1.3 million of the lowest-paid workers out of income tax altogether and giving a tax cut to 31 million across the country.
Recent figures confirm that wages are continuing to grow, with average total pay up 2.3 per cent while annual inflation remains close to flat, and that the jobs growth is being fuelled by full-time work. With the level of unemployed at the lowest level in a decade and the proportion of 16-24 year olds who have left full-time education and are unemployed has never been lower, the figures show that the number of people in work remains at record levels.
Local MP James Davies said:
‘Today’s figures show the number of people in the Vale of Clwyd relying on Jobseeker’s Allowance and Universal Credit has fallen by 801 since 2010 – a 44% drop.
‘Our long-term plan is delivering more security, transforming life chances and providing opportunities that give families in the Vale of Clwyd the best chance to get on in life. Each new job means that worker and their family have the security of a pay packet.
‘We’re backing hard work and aspiration – creating opportunity for hardworking people across the Vale of Clwyd. Boosting wages and making sure that more families have the security of a decent, regular pay packet, while ensuring that people are always better off in work, are at the heart of our long-term plan, which will deliver the higher-wage, lower-tax, lower-welfare economy we all want to see.