The Low Pay Commission has just suggested that the government increase minimum wage by 3 percent, the highest rate since the crisis. Some unions view it as an insult but employers are reassured – they were worried since the Chancellor of the Exchequer had announced his will to raise it by 10 percent.
For the first time since 2008, minimum wage in the UK is about to increase more than inflation. Indeed, the Low Pay Commission has just recommended a 3-percent increase, up to £6.50 (€7.9) an hour. This could come into force in October if the government follows this recommendation – which it usually does. This would be “the biggest cash increase since 2008,” said Vince Cable, the business secretary. A spokesman for Prime Minister David said the government will want to take time to consider
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