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Latest Finance News related to Low Pay Commission

Government names new chief to lead crackdown on worker exploitation image
Source : Guardian [Read Article] Thursday 5th of January 2017 12:01:34 AM
....The government has moved to crack down on unscrupulous employers by appointing a new boss to lead the collection of government bodies tasked with stamping out exploitation in the workplace. Prof Sir David Metcalf, a founding member of the Low Pay Commission and former chairman of the Migration Advisory Committee, was named on Thursday as the first director of Labour Market Enforcement. ...
National Living Wage 'has not hit employment' image
Source : BBC [Read Article] Tuesday 29th of November 2016 12:48:49 AM
....The National Living Wage has not affected employment, says the body that monitors low pay for the government. The Low Pay Commission said it had found "no clear evidence" of changes in employment or hours since the higher minimum wage was introduced in April. ...
'Lower rise' in living wage expected next year image
Source : BBC [Read Article] Wednesday 12th of October 2016 06:53:15 AM
....A spokesperson for the Department for Business, Energy and Industrial Strategy said: "The government is committed to building an economy that works for all and the national living wage is doing just that, with more than one million workers already benefiting from a pay rise. "The independent Low Pay Commission is chiefly responsible for making recommendations for national minimum wage rates. ...
When does the minimum wage go up THIS WEEK?  image
Source : Daily Express [Read Article] Tuesday 27th of September 2016 04:03:00 PM
....20 per hour, and will increase to match 60 per cent of the average salary for over 25s by 2020 – forecast to reach £9. 16 according to the Low Pay Commission. ...
National living wage 'failing to provide basic needs for lowest paid' image
Source : Guardian [Read Article] Wednesday 21st of September 2016 09:00:31 PM
....Ikea, National Grid, Nestlé, the cosmetics retailer Lush and independent brewer BrewDog are among the employers to pay workers the charity’s higher living wage. Osborne handed the task of assessing how much to increase the NLW to the Low Pay Commission, a government-appointed body that decides the annual minimum wage increases. ...
Ministers warned not to cut national living wage rises image
Source : BBC [Read Article] Tuesday 6th of September 2016 11:46:11 PM
....Many are predicted to gain directly, while some will benefit from a "ripple effect" as the new policy pushes up wages more generally. The Low Pay Commission will meet in October to decide its recommendation for next year's national living wage increase. ...
National Living Wage has not led to job losses, survey says image
Source : BBC [Read Article] Sunday 10th of July 2016 11:08:52 PM
...."We recognise that employers are responding to the NLW in a variety of ways depending on their circumstances. The Low Pay Commission will recommend the level of the NLW going forward to make sure that wages rise to reward workers while considering the impact on the economy. ...
MP criticises lengthy waits in some minimum wage complaints image
Source : Guardian [Read Article] Tuesday 10th of May 2016 11:01:43 PM
....It raised particular concern about employers in the social care sector failing to meet their minimum wage duties. The Low Pay Commission previously reported that up to 10. ...
MP criticises lengthy waits in some minimum wage complaints image
Source : Guardian [Read Article] Tuesday 10th of May 2016 11:01:43 PM
....It raised particular concern about employers in the social care sector failing to meet their minimum wage duties. The Low Pay Commission previously reported that up to 10. ...
National Living Wage comes into force image
Source : BBC [Read Article] Thursday 31st of March 2016 11:00:45 PM
....The independent Office for Budget Responsibility has warned that 60,000 jobs could go as a result. Sir George Bain, former chair of the Low Pay Commission, dismissed fears that the NLW could cost jobs. ...
Retailers will have to find £3bn more a year for 'national living wage' image
Source : Guardian [Read Article] Thursday 31st of March 2016 01:55:50 PM
....The sector will have to find up to £3bn more a year to pay staff by 2020 assuming it maintains differentials between entry and mid-level staff and spreads the NLW rate to all employees, not just the over-25s they are legally obliged to cover, according to the British Retail Consortium. Analysis by the Low Pay Commission (LPC) reveals that retail accounts for just over a fifth of workers over 16 on the minimum wage at present and, together with the hospitality industry, accounts for nearly half of all workers on the lowest pay. ...
Saving for your pension - by numbers image
Source : Telegraph [Read Article] Friday 4th of March 2016 03:31:47 PM
.... Are you putting away enough for your pension?. The review will be chaired by Sir John Cridland, the former head of the Low Pay Commission, and will assess whether the current pensions system is "affordable in the long-term". ...
Taxes and red tape threaten to strangle jobs recovery image
Source : Telegraph [Read Article] Monday 21st of December 2015 12:01:28 AM
....” . She wants the government to pull back on its plans to meddle directly in the minimum wage and instead let the Low Pay Commission resume its role as an independent agency setting the minimum level, based on a study of the impact on living standards and jobs. ...
The new living wage could hamper economic growth warn experts image
Source : Daily Express [Read Article] Monday 21st of December 2015 12:01:00 AM
.... These are acting as a cumulative drag that could hamper growth. “Given the uncertainty surrounding the effects of the national living wage, it is critical that an independent, evidence-based Low Pay Commission plays the main role in assessing its true impact and recommending future rate rises accordingly. ...
Ten facts you might not know about the gender pay gap | Laura Bates image
Source : Guardian [Read Article] Tuesday 10th of November 2015 01:15:44 PM
....5 for British African, Indian and Pakistani employees. Figures from the Low Pay Commission found that 15. ...
UK pay rises to stay low despite economic recovery image
Source : Guardian [Read Article] Monday 9th of November 2015 12:01:06 AM
....5m and 3m – of Britain’s 30m workforce. According to the chair of the Low Pay Commission, David Norgrove, it will also lead to more than the predicted 60,000 redundancies across the economy as employers seek to reduce costs. ...
Majority of top CBI companies do not pay living wage image
Source : Guardian [Read Article] Friday 6th of November 2015 07:38:02 PM
....In a background briefing note for a meeting of the president’s committee in September, attended by the Treasury chief secretary Greg Hands, the CBI says: “In public statements we’ve highlighted support for a higher skilled, higher wage economy but stressed that a national living wage does not reflect firms’ ability to pay, calling it a ‘big gamble’. We’re engaging BIS [Department for Business, Innovation and Skills], Treasury and OBR [Office for Budget Responsibility] to stress the full impact of the policy and will be lobbying for an independent Low Pay Commission to ensure the path to £9 is as affordable as possible. ...
National living wage is a gamble, says CBI boss image
Source : Guardian [Read Article] Tuesday 3rd of November 2015 06:45:00 AM
....In a wide-ranging valedictory interview marking the end of five years running the CBI and a career at the business lobby group that has spanned 33 years, Cridland was also critical of the government’s education strategy and its slow response to providing help for the UK’s energy-intensive manufacturers, such as steel. The CBI director general, who steps down after the lobby group’s annual conference next week, said: “What I am proudest of is sitting on the Low Pay Commission in April 1999 when one million low paid workers got a 25% pay rise and not one of them lost their jobs as a result. ...
Why George Osborne should have opted for much more radical welfare reform image
Source : Telegraph [Read Article] Tuesday 20th of October 2015 04:47:23 PM
.... Tax credits have in this way encouraged a low wage economy. The Low Pay Commission also points out that tax credits provide an incentive to work part time, as lone parents begin to lose benefits after working more than 16 hours a week, and single adults after thirty hours. ...
Sir Ian Cheshire - new Living Wage will need to be reviewed image
Source : BBC [Read Article] Thursday 1st of October 2015 04:05:12 PM
....20 and then up in pretty substantial steps to £9 an hour by 2020. The announcement came as a surprise - the rate is traditionally set by the Low Pay Commission but they seem not to have been involved in this announcement. ...
Number of UK workers on minimum wage expected to double by 2020 image
Source : Guardian [Read Article] Wednesday 30th of September 2015 11:01:03 PM
.... But it will mean that around one in seven private sector workers will have their pay directly set by government by 2020. Given the scale of the change, government must now work closely with the Low Pay Commission and employers to ensure the policy is a success. ...
Tory welfare cuts will destroy benefit of new living wage, research shows image
Source : Guardian [Read Article] Saturday 26th of September 2015 10:00:02 PM
....However, with the chancellor’s national living wage for over-25s set to boost wages for up to 6 million workers, business groups are already warning about the impact on sectors that have many low-paid employees, such as hospitality and retail. John Cridland, director general of the CBI, which has made its annual submission to the Low Pay Commission, setter of the national minimum wage, said: “Artificially increasing pay is a gamble that will hurt smaller businesses, as well as those operating in care, retail, hospitality and food-manufacturing sectors, in particular. ...
Economic policy often seems to have little to do with economists. Why? image
Source : Independent [Read Article] Monday 21st of September 2015 03:45:00 AM
....Take, for example, the large increase in the minimum wage announced in the last Budget. This far exceeded the recommendations of the Low Pay Commission, the institution set up by government to advise on how high the minimum wage can go without it leading to large reductions in employment. ...
Business community warns living wage could hit employers and staff image
Source : Guardian [Read Article] Wednesday 16th of September 2015 12:11:00 PM
.... “There are no positives from this announcement,” says the ACS spokesman. “Not only has the government cut the Low Pay Commission out of the decision to introduce this rate (when it is supposed to be the independent body that makes informed recommendations), it is also openly putting jobs at risk. ...
UK wages rising at quickest rate in six years image
Source : Guardian [Read Article] Wednesday 16th of September 2015 09:52:03 AM
....20 an hour in April, with a further rise to £9 an hour by 2020. Businesses have already warned that implementing the measure could cost jobs, and the CBI’s deputy director-general, Katja Hall, seized on yesterday’s data to call for the Low Pay Commission, which will determine how rapidly the minimum wage rises, to show restraint. ...
The businesses that will be hardest hit by the living wage image
Source : Telegraph [Read Article] Tuesday 15th of September 2015 04:00:47 AM
.... . The think-tank also said it was “essential” that the Low Pay Commission was at the “heart” of decisions around the future minimum wage level. ...
Wetherspoon adds to Living Wage debate image
Source : BBC [Read Article] Friday 11th of September 2015 09:32:45 AM
....JD Wetherspoon has added its voice to concern about the National Living Wage (NLW) which takes effect in April 2016. Its chairman Tim Martin told BBC News it was a move away from the minimum wage being carefully considered by the Low Pay Commission. ...
Wetherspoon chief warns National Living Wage will threaten pubs image
Source : Independent [Read Article] Friday 11th of September 2015 09:05:27 AM
.... . He took aim at politicians making decisions on a “political whim” and without consulting relevant bodies, such as the Low Pay Commission. ...
Wetherspoon boss attacks minimum wage plan as profits slump image
Source : Guardian [Read Article] Friday 11th of September 2015 08:22:08 AM
. JD Wetherspoon founder Tim Martin has warned that a “national living wage” in the UK risks further pub closures, especially in less-affluent areas, and criticised the way the Conservative government has in effect taken minimum wage policy away from the Low Pay Commission. ...
Will you benefit from increases in the minimum wage? image
Source : Telegraph [Read Article] Thursday 3rd of September 2015 04:15:08 AM
.... . John Cridland, director-general of the Confederation of British Industry, warned this week that businesses would struggle to cope with higher wage costs unless the Government relaxed public sector contract rules and allowed the independent Low Pay Commission to deliver the final verdict on whether increases were sustainable. ...
Businesses will crumble under strain of minimum wage hikes, warns CBI chief image
.... . He said businesses, particularly in the retail, hospitality, social care and outsourcing sectors, would struggle to cope with higher wage costs unless the Government relaxed public sector contract rules and allowed the Low Pay Commission to deliver the final verdict on whether increases were sustainable. ...
Ex-Sainsbury's boss slams Living Wage image
Source : BBC [Read Article] Friday 28th of August 2015 09:16:08 PM
....". The rate will be 50p an hour higher than the National Minimum Wage fixed by the Low Pay Commission. ...
Osborne warned 'Living Wage' could be 'catastrophic' for vulnerable who receive homecare image
....The letter signed by Mike Padgham, chairman of UKCHA added that such an outcome would "cause considerable distress for people who use homecare services and their families; create a significant burden for local councils who would have to find replacement providers and provide uncertain employment prospects for trained and committed careworkers. "It comes after the Low Pay Commission has said that risks to meeting the existing minimum wage in the social care sector are exacerbated by reductions in local authority budgets and constrained fee levels. ...
Production rose in America after pay rises – could the same happen here? image
.... Mandating an overnight 50 per cent pay rise for everyone in the country would clearly not be met with an overnight 50 per cent surge in productivity. And those who argue that the Chancellor has ridden roughshod over the work of the Low Pay Commission – which until now has recommended increases in the minimum wage based on a careful estimation of what the market will bear – are surely right. ...
SMEs hit by 'double-whammy’ pressures of living wage and pensions image
Source : Telegraph [Read Article] Friday 10th of July 2015 03:29:43 PM
.... “We have been supportive of gradual increases in the national minimum wage in recent years, to reflect the improvement in the economy. However, we believe annual increases should be set according to the recommendations of the independent Low Pay Commission (LPC),” said FSB chairman John Allan. ...
The National Living Wage and you image
Source : BBC [Read Article] Thursday 9th of July 2015 12:35:56 PM
....20 an hour. The government will ask the Low Pay Commission, which currently recommends the level of the minimum wage, to suggest a figure for the National Living Wage in April 2017. ...
Budget 2015: The 'Living Wage' is economically useless and intellectually empty image
.... Iain Duncan Smith, Work and Pensions Secretary, celebrates the announcement. Yet based on their faulty reading of the economics, the Conservatives have torn up the whole minimum wage setting framework delivered by the Low Pay Commission in the last 15 years. ...
Fears living wage could devastate small retailers and push up prices image
Source : Guardian [Read Article] Thursday 9th of July 2015 06:00:07 AM
....James Lowman, the chief executive, said: “The introduction of a compulsory living wage will have a devastating impact on thousands of convenience stores . to introduce this undermines the independent Low Pay Commission and is a reckless way to impose a massive burden on small businesses. ...
Living wage campaigners cannot put down their placards yet image
Source : Guardian [Read Article] Wednesday 8th of July 2015 06:53:09 PM
....15 an hour – roughly the level Osborne expects his new minimum to reach in five years’ time. Rather than totting up the cost of living, the independent Low Pay Commission, which has set the national minimum wage, will now be asked to plot a course to bring the new rate up to 60% of median wages, boosting what economists call the “bite” of the minimum wage. ...
Budget 2015: Struggling retailers face huge bill from wage rises and business rates image
.... . The British Retail Consortium said the Treasury was “playing pass the parcel around the economy with the financial burden of increasing people’s incomes”, while the CBI said it was a “bad idea” to bring politics into the Low Pay Commission, which sets the minimum wage. ...
Budget 2015: The one chart that shows Osborne’s Living Wage is not as good as he says it is image
.... It's a higher minimum wage. The Living Wage Foundation said that without a change of remit for the Low Pay Commission this is effectively a higher National Minimum Wage and not a Living Wage. ...
Budget 2015: George Osborne's speech in full image
Source : Telegraph [Read Article] Wednesday 8th of July 2015 12:45:59 PM
....20 . The Low Pay Commission will recommend future rises that achieve the Government’s objective of reaching 60pc of median earnings by 2020. ...
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Budget 2015: Gordon Brown's tax credits monster must be slain image
Source : Telegraph [Read Article] Tuesday 7th of July 2015 03:09:11 PM
.... • Asa Bennett: Five ways George Osborne can cut tax credits without making workers worse off . I have proposed to the Government that it reforms the Low Pay Commission. ...
Firms must be forced to raise low pay, says key ally of David Cameron image
Source : Guardian [Read Article] Saturday 4th of July 2015 07:44:47 PM
....Frank Field, the former Labour welfare minister and new chairman of the Commons work and pensions select committee, said the government should cut national insurance contributions for companies that agreed to pay the living wage. He also called for the Low Pay Commission to be given a greater role in advising ministers on which sectors in the economy could afford to pay their employees the higher rate. ...
Labour demands equal wage checks to reduce gender pay gap image
Source : Guardian [Read Article] Tuesday 30th of June 2015 11:00:01 PM
....However, Labour has pointed out that his information will be spread disparately throughout each company’s documents, rather than being centrally recorded. In an opposition day debate, it will call for the EHRC to work with the Low Pay Commission to analyse the data collected by each company and look at the trends across different sectors. ...
Business groups reject PM's plan to replace tax credits with higher pay image
Source : Guardian [Read Article] Wednesday 24th of June 2015 07:06:32 PM
....“Today I’m pledging to move Britain to a living wage society, and that one of the first areas I will take action on as Labour leader is the scandal of low pay in social care,” she said. The Leicester West MP also pledged that as leader she would deliver a “true Low Pay Commission, not just a Minimum Wage Commission”. ...
Chancellor urged to raise productivity by spending more on manufacturing image
.... . It wants the Government to respect the independence of the Low Pay Commission and ignore suggestions for a rise in the minimum wage or the introduction of the living wage because they were “blunt instruments”. ...
Why is 30 hours a week important? image
Source : BBC [Read Article] Wednesday 27th of May 2015 11:00:16 PM
.... . And we also know that if the minimum wage, which is based on advice from the Low Pay Commission, rises by more than a penny above £8 an hour, the income tax threshold will be raised accordingly. ...
Is UK inequality as bad as in the US? image
Source : BBC [Read Article] Thursday 14th of May 2015 02:40:50 AM
....4bn in the financial year 2013-14. The Low Pay Commission says that excluding apprenticeships there were 1. ...
The election result is good for business. But what about employees? image
Source : Independent [Read Article] Monday 11th of May 2015 12:25:14 PM
.... They state that they do wish to see increases in the national minimum wage. They accept the recommendations of the Low Pay Commission that the national minimum wage should rise to £6. ...
Labour wants you to trust them with the economy again: 7 charts that show how they coped last time they were in power image
.... It then began to decline under the global financial crisis. Increases in the minimum wage are recommended by the independent Low Pay Commission but the Government is ultimately responsible for the rate. ...
National minimum wage to rise by 20p an hour to £6.70 image
Source : BBC [Read Article] Tuesday 17th of March 2015 12:27:50 AM
....30 an hour. The rates were recommended by the Low Pay Commission but the government has gone further than the 7p an hour increase suggested for apprentices. ...
Minimum wage to rise by 20p to £6.70 per hour – the biggest since 2008 image
Source : Independent [Read Article] Tuesday 17th of March 2015 12:01:57 AM
....The rise, from the current £6. 50 an hour, was recommended last month by the independent Low Pay Commission. ...
Source : Reuters [Read Article] Tuesday 24th of February 2015 07:16:56 AM
....Although the wage rise is not due to take effect until October, the prospect of more pay could boost morale among Britain's lowest earners in the run-up to a national election in May, when the cost of living is likely to be a major issue. Britain's government usually follows the recommendations of the Low Pay Commission, and last year finance minister George Osborne said he wanted the minimum wage to grow faster than inflation, to make up ground lost during the financial crisis. ...
Government names firms flouting minimum wage image
Source : BBC [Read Article] Tuesday 24th of February 2015 12:22:42 AM
...."Cheating bosses who fleece their workers out of their hard earned pay must end up in court - and there are still lots of under-paying employers who are getting away with it," she said. The latest naming and shaming comes a day after the Low Pay Commission recommended a 3% rise in the adult minimum wage from £6. ...
Minimum wage rise of 3% recommended image
Source : BBC [Read Article] Monday 23rd of February 2015 05:39:10 PM
....70 an hour would be the biggest since 2008, worth £416 a year to a full-time worker. Each year, the Low Pay Commission submits recommendations on the future level of the minimum wage. ...
UK firms expect to offer a bit more pay in 2015 - CBI image
Source : Reuters [Read Article] Monday 22nd of December 2014 08:00:29 AM
.... . Labour has also promised to raise the national minimum wage by 25 percent within five years, something that has raised concerns about the independence of Britain's Low Pay Commission which recommends the annual increase in the minimum wage. ...
UK 'living wage' raised to £7.85 an hour  image
Source : BBC [Read Article] Monday 3rd of November 2014 12:00:10 AM
.... . The national minimum wage is set by the business secretary each year on the advice of the Low Pay Commission. ...
Low-paid Britons now number five million, think tank concludes image
Source : BBC [Read Article] Saturday 25th of October 2014 11:00:43 PM
...."This risks many people and their families simply being left behind, unable to share in any benefit from the economic recovery," she added. A Department of Business, Innovation & Skills spokesman said: "We have taken continued action to help low-paid workers by taking lower earners out of income tax and asking the Low Pay Commission to consider how we can further increase the real value of the national minimum wage, without having an adverse impact on jobs. ...
UK unemployment falls below 2 million for first time since financial crisis image
Source : Guardian [Read Article] Wednesday 15th of October 2014 09:36:00 AM
....”. Jo Swinson, the employment relations minister, said she had asked the Low Pay Commission to explore how to increase national minimum wage without having an adverse impact on jobs. ...
Vince Cable says Conservatives 'lying' over tax pledges image
Source : BBC [Read Article] Monday 6th of October 2014 07:22:57 AM
....He also proposed a pay rise for apprentices, to come into effect next October, if cleared by regulators. Mr Cable said he was writing to the Low Pay Commission recommending that the apprentice rate of the minimum wage and the 16/17-year-old rate be combined. ...
Not getting the new minimum wage? Your employer could get a £20,000 fine image
Source : Telegraph [Read Article] Sunday 28th of September 2014 04:00:08 AM
.... *Britain’s manufacturers are calling for the minimum wage’s “apprentice rate” to be scrapped and instead for people on training schemes to be paid according to their age. EEF, the trade body for the UK’s engineering and manufacturing companies, said the current system is “confusing” and “complex” for employers in its submission to the Low Pay Commission’s consultation on the minimum wage. ...
.... . After all, it will rise to £7 next year, and could easily reach Mr Miliband’s favoured figure within the next Parliament (as he has promised) under the existing framework through which the Low Pay Commission recommends the rate. ...
Minimum wage increase: will it really hurt the economy? image
Source : Guardian [Read Article] Monday 22nd of September 2014 07:06:37 PM
Labour minimum wage: small businesses must be 'at heart of policy-making' image
Source : Telegraph [Read Article] Monday 22nd of September 2014 09:21:46 AM
.... "We've got politicians now trying to set artificial targets which is the wrong way for this to be going. The Low Pay Commission has representatives from workers, from businesses and other experts and so far we've been able to support it fully ever since it came in. ...
Labour's minimum wage plan 'puts jobs at risk' image
Source : Telegraph [Read Article] Sunday 21st of September 2014 03:58:13 PM
....” . The pair stressed that the Low Pay Commission, a Labour invention, was already tasked with balancing the minimum wage with job creation and long-term economic growth. ...
Labour minimum wage promise would see £8 per hour rate by 2020 image
Source : BBC [Read Article] Sunday 21st of September 2014 02:54:03 AM
....Chancellor George Osborne suggested, in an interview with BBC Political Editor Nick Robinson in January, that the minimum wage would rise to £7 an hour in 2015 to return the level it was at before the economic downturn. The rate is recommended by the Low Pay Commission, which is overseen by Liberal Democrat Business Secretary Vince Cable. ...
The Guardian view on the economy: more pay, please image
Source : Guardian [Read Article] Wednesday 13th of August 2014 07:01:44 PM
....The uncertainty about why the recovery doesn’t feel like one makes for an uncertain political response. The chancellor has prodded the Low Pay Commission into an exceptional 3% increase in the minimum wage, probably the first of several catch-up instalments to restore the pay of a million at the bottom of the scale to pre-crash levels. ...
The evidence is clear: increasing the minimum wage doesn't cost jobs image
Source : Guardian [Read Article] Wednesday 11th of June 2014 03:42:03 AM
....This large rise in the real value of the UK minimum wage hasn’t cost jobs. The UK Low Pay Commission has now commissioned over 130 pieces of research from accomplished academic economists, which finds minimum wages boost workers’ pay, but don’t harm employment. ...
Minimum wage underpayers ‘named and shamed’ – but exposed businesses account for less than 1 per cent of the problem image
....50 in October - despite George Osborne previously saying he wanted it put up to £7 As well as the unnamed Premier League club, other cases included a single recruitment agency ordered to pay more than £167,000 to workers and a social care provider found not to have paid its staff for travelling time. In a report earlier this year the Government’s Low Pay Commission heard from anecdotal evidence that there has been a “sharp decline” in compliance with the national minimum wage in the past two years, and that the social care sector was one of the worst for offenders. ...
Source : Reuters [Read Article] Monday 19th of May 2014 09:42:16 AM
....Across the economy as a whole, 3. 7 per cent of jobs were paid at or below the minimum wage in April 2011, according to the Low Pay Commission, which recommends its level. ...
Ed Miliband sets out Labour's minimum wage plans image
Source : BBC [Read Article] Monday 19th of May 2014 04:15:01 AM
....However any major increase is likely to be criticised by business groups worried that it would drive up costs and damage competitiveness. The Prime Minister's official spokesman said Downing Street believed that as a result of economic growth there could be a real terms increase in the level of the minimum wage, but that it should remain a matter for the Low Pay Commission to recommend its level. ...
Labour: we will link minimum pay to earnings image
Source : Guardian [Read Article] Sunday 18th of May 2014 09:01:00 PM
....Miliband will not announce the precise figure until before the general election. But a recent Resolution Foundation commission report on the minimum wage, chaired by Prof Sir George Bain, the first chairman of the Low Pay Commission (LPC), recommended a rate at 60% of average earnings as a "reasonable lodestar". ...

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