How the policy would work is that the minimum wage would rise in stages by £1.15 to £7.65 an hour next year and then in further stages until reaching £10 in 2020. To help pay for this, those with more than £3million in assets will pay an annual levy of between 1% and 2%, amounting to £30,000 - £60,000 a year.
In addition to this, Natalie Bennett also promised to abolish zero-hours contracts in her speech to conference. She said:
"We’re also backing a complete ban zero-hours contracts. No employer should be able to hold their staff captive in a life of uncertainty and fear, subject to the whims and favouritism of managers, with no way of planning how to pay their bills. The zero-hours contract is the return of the Great Depression’s street corner queues for work – and we say NO!"
As for rent costs, she outlined plans for both rent capping and an end to short-term contracts:
"And we’ll ensure that private landlords are NOT allowed to continue to charge extortionate rents for rabbit hutches. Our smart rent cap, combined with long-term rental contracts, will keep rent rises down. And we’re demanding a living rent commission, to work out how to bring rents back in line with incomes."