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| Version 11 | Version 12 |
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| Jeremy Corbyn warns businesses over 'unfair' pay | Jeremy Corbyn warns businesses over 'unfair' pay |
| (about 2 months later) | |
| A Labour government could ban companies from paying dividends to shareholders unless they pay workers the living wage, Jeremy Corbyn has said. | A Labour government could ban companies from paying dividends to shareholders unless they pay workers the living wage, Jeremy Corbyn has said. |
| He said in a speech to a think tank too much profit from economic growth had gone to those at the top of society. | He said in a speech to a think tank too much profit from economic growth had gone to those at the top of society. |
| The Labour leader was explaining his strategy to tackle pay inequality and "institutionalise fairness" in Britain. | The Labour leader was explaining his strategy to tackle pay inequality and "institutionalise fairness" in Britain. |
| He later told the Unite union in Scotland the Tories wanted to "tip the scales further" in favour of bosses. | He later told the Unite union in Scotland the Tories wanted to "tip the scales further" in favour of bosses. |
| Liberal Democrat leader Tim Farron said Mr Corbyn "seems committed on ripping apart our business sector in pursuit of an egalitarian fantasy". A Conservative Party spokesman called Labour a "clear threat to our economic security". | Liberal Democrat leader Tim Farron said Mr Corbyn "seems committed on ripping apart our business sector in pursuit of an egalitarian fantasy". A Conservative Party spokesman called Labour a "clear threat to our economic security". |
| Addressing the left-of-centre Fabian Society, Mr Corbyn said: "Only profitable employers will be paying dividends; if they depend on cheap labour for those profits then I think there is a question over whether that is a business model to which we should be turning a blind eye." | Addressing the left-of-centre Fabian Society, Mr Corbyn said: "Only profitable employers will be paying dividends; if they depend on cheap labour for those profits then I think there is a question over whether that is a business model to which we should be turning a blind eye." |
| CBI chief of staff Matthew Fell said: "The idea of politicians stepping into the relationship between a private company and its shareholders would be a significant intervention, and not one that we would support." | CBI chief of staff Matthew Fell said: "The idea of politicians stepping into the relationship between a private company and its shareholders would be a significant intervention, and not one that we would support." |
| Almost six million workers in the UK are currently paid less than the living wage - an informal benchmark promoted by the Living Wage Foundation, which is currently £8.25 an hour and £9.40 in London. | Almost six million workers in the UK are currently paid less than the living wage - an informal benchmark promoted by the Living Wage Foundation, which is currently £8.25 an hour and £9.40 in London. |
| The government has announced a compulsory National Living Wage for people over 25 starting at £7.20 an hour in April this year, with a target of reaching more than £9 an hour by 2020. | The government has announced a compulsory National Living Wage for people over 25 starting at £7.20 an hour in April this year, with a target of reaching more than £9 an hour by 2020. |
| 'Holds back growth' | 'Holds back growth' |
| Mr Corbyn said imposing "pay ratios" between those at the top and those at the bottom of a company's pay scale could be another option for creating a fairer society. | Mr Corbyn said imposing "pay ratios" between those at the top and those at the bottom of a company's pay scale could be another option for creating a fairer society. |
| He said: "A more equal society is not only fairer, it does better in terms of economic stability and wealth creation." | He said: "A more equal society is not only fairer, it does better in terms of economic stability and wealth creation." |
| The Labour leader also used his speech to attack the Conservatives, accusing them of "running the state into the ground" for ideological reasons. | The Labour leader also used his speech to attack the Conservatives, accusing them of "running the state into the ground" for ideological reasons. |
| "Their concept of fairness is of a very different order to ours," he said. "Fairness for only a few is not fairness, but privilege." | "Their concept of fairness is of a very different order to ours," he said. "Fairness for only a few is not fairness, but privilege." |
| In his address to Unite's Scottish conference in Glasgow, Mr Corbyn repeated his call, saying companies should "pay the living wage to the workers first and the dividend later on". | In his address to Unite's Scottish conference in Glasgow, Mr Corbyn repeated his call, saying companies should "pay the living wage to the workers first and the dividend later on". |
| He also said a future Labour government would repeal the Trade Union Bill currently going through Parliament, and extend employees' rights. | He also said a future Labour government would repeal the Trade Union Bill currently going through Parliament, and extend employees' rights. |
| Living wages: How does it add up? | Living wages: How does it add up? |
| Mr Corbyn repeated his promise to renationalise the railways, which he said would bring down fares. | Mr Corbyn repeated his promise to renationalise the railways, which he said would bring down fares. |
| And he said the way to cut energy bills for consumers and transition to carbon-free energy was to restore "democratic control" of the energy companies. | And he said the way to cut energy bills for consumers and transition to carbon-free energy was to restore "democratic control" of the energy companies. |
| 'Difficult process' | 'Difficult process' |
| Seema Malhotra, shadow chief secretary to the Treasury, told the BBC Mr Corbyn was not announcing "something that is Labour policy" adding "it was an idea" to provoke debate. | Seema Malhotra, shadow chief secretary to the Treasury, told the BBC Mr Corbyn was not announcing "something that is Labour policy" adding "it was an idea" to provoke debate. |
| Mr Corbyn had said party members and supporters would decide whether his proposals were worth adopting. | Mr Corbyn had said party members and supporters would decide whether his proposals were worth adopting. |
| "Our... membership has doubled since that [general election] defeat in May; our party is in a process of regenerating - a difficult process of adjustment for us all at times, but a huge opportunity to breathe life into all sections of the party and draw on the collective wisdom of all." | "Our... membership has doubled since that [general election] defeat in May; our party is in a process of regenerating - a difficult process of adjustment for us all at times, but a huge opportunity to breathe life into all sections of the party and draw on the collective wisdom of all." |
| BBC News politics reporter Matt Cole said the speech was a way for Mr Corbyn to regain the political initiative following the shadow cabinet reshuffle over which three of his front-bench team resigned. | BBC News politics reporter Matt Cole said the speech was a way for Mr Corbyn to regain the political initiative following the shadow cabinet reshuffle over which three of his front-bench team resigned. |
| He said the "most eye-catching plan", the proposals on dividends, received a warm welcome from Labour supporters happy to move on from what may have seemed like unending internal party rows. | He said the "most eye-catching plan", the proposals on dividends, received a warm welcome from Labour supporters happy to move on from what may have seemed like unending internal party rows. |