Payday: who’s afraid of rising wages?
During the Brexit referendum, Stuart Rose, the former boss of Marks & Spencer, and chair of the Remain campaign, claimed that if Britain left the EU, wages ‘will go up’. This was, he added, in a rare moment of candour, ‘not necessarily a good thing’.
But the idea that salaries might rise was exactly the reason that a great many people voted for Brexit. They were well aware that it suits the likes of Lord Rose to keep wages low, and they resented it.