As the economy is picking up, the British government declared, for the first time, that it was in favor of a minimum wage increase in the coming months. Besides, it has decided to distinctly strengthen sanctions against employers who don’t comply with minimum wage. This should make unions happy and help the conservatives erase their image as “the party of the rich” before the 2015 election.
After weeks of speculation in the press, Chancellor of the Exchequer George Osborne finally announced, on Thursday, January 16, that he was in favor of the introduction of an additional push, above inflation, to minimum wage. In concrete terms, it could go from £6.31 (€7.6) an hour up to £7 (€8.4) an hour, i.e. an increase of more than 10 percent – which the Low Pay Commission still needs to approve. “I want living standards to go up for the whole country as we fix the economy. (…) I want...
Do you have information to share with us?