Rebecca Long-Bailey, Shadow Secretary for Business, Energy and Industrial Strategy, said:
“The stagnation of real wages currently being experienced is unprecedented since at least the Second World War. We must take bold and imaginative measures to tackle low pay. One crucial step in this direction is to raise the Minimum Wage to the level of the Living Wage, expected to be at least £10 per hour by 2020 – for all workers aged 18 or over.
“People should be rewarded for a full day’s work and need the dignity that comes with decent wages. Britain needs a pay rise and only a Labour government can deliver one.”
The financial crisis grew worse and decisive government action was needed as the leaders of both the Conservative and Liberal Parties met with King George V , and MacDonald, at first to discuss support for the spending cuts but later to discuss the shape of the next government. The king played the central role in demanding a National government be formed. On 24 August, MacDonald agreed to form a National Government composed of men from all parties with the specific aim of balancing the Budget and restoring confidence. The new cabinet had four Labourites (who formed a " National Labour " group) who stood with MacDonald, plus four Conservatives (led by Baldwin, Chamberlain) and two Liberals. MacDonald's moves aroused great anger among a large majority of Labour Party activists who felt betrayed. Labour unions were strongly opposed and the Labour Party officially repudiated the new National government. It expelled MacDonald and his supporters and made Henderson the leader of the main Labour party. Henderson led it into the general election on 27 October against the three-party National coalition. It was a disaster for Labour, which was reduced to a small minority of 52 seats. The Conservative dominated National Government, led by MacDonald won the largest landslide in British political history.