BRITAIN: ‘ LOW PAY COMMISSION RECOMMENDS 3% INCREASE IN NATIONAL MINIMUM WAGE TO £6.70 BY OCTOBER 2015 ‘

#AceFinanceNews – BRITAIN:Feb.24: The Low Pay Commission (LPC) has today recommended to the Government that the adult rate of the National Minimum Wage, which applies to workers aged 21 and over, should rise by 3 per cent to £6.70 from October 2015.

The LPC’s aim is to advise on a rate that protects as many low-paid workers as possible without damaging jobs or the economy. We have carefully weighed the risk of doing too little to raise the earnings of the lowest paid against the risk of recommending more than business and the economy can afford.

With inflation now forecast at 0.5 per cent, this recommendation (PDF, 89.3KB, 3 pages) would, if accepted by the Government:

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