'Britain does have a low-pay problem'

Chancellor George Osborne made a surprise announcement in Wednesday's budget of a new national living wage of £7.20 from next April.

"Britain does have a low-pay problem," he told Today. "It’s a country… that has not been productive enough.

"We have a welfare system that is unsustainable."

09 July 2015

13 minutes

This clip is from

Today—09/07/2015

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