Less than two months before the general election, the government has announced that the minimum wage will be increased as of 1 October, going up to £6.70 per hour (9.32 EUR) from £6.50 (9.04 EUR) today. The minimum wage for apprentices will go up 20%.
David Cameron’s government has announced the largest minimum wage increase, in real terms, since 2008. This is clearly a trump card being played, as the general election approaches, with Labour and the Conservatives currently neck and neck. “It will mean more financial security for Britain’s families; and a better future for our country”, the Prime Minister has promised. 1.4 million employees over the age of 21 are set to benefit from the increase, which was recommended last month by the...
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