Proposal for 3% minimum wage increase
Business News - 27 Feb 2014
The Low Pay Commission (LPC) has recommended an increase in the national minimum wage to £6.50 per hour for adults.
Given recent reports of economic recovery, it is thought possible that the UK can support a higher wage. If the proposal is accepted it will be the first increase, in real terms, for five years.
David Norgrove, Chair of the LPC, said: 'We have had to balance the risk of recommending more than business and the economy can afford, bearing in mind the pressures on low-paying sectors and small firms, against the risk of doing too little to start to restore the real value of the earnings of the lowest paid'.
Read more here....http://tinyurl.com/njcmrqb