National Minimum Wage set to rise to £6.50 an hour
12th February 2014
In a
letter to business secretary Vince Cable, the Low Pay Commission, the body that
advises the government on the NMW, says: “The economic recovery should this
year allow an increase in the real value of the National Minimum Wage, the
first increase for at least five years.
“So we
are recommending that the adult rate should increase by 3% on 1 October,
compared to consensus CPI [Consumer Price Index] forecast of 2.3%.”
The
rise would see the number of workers covered by the NMW rise by more than a
third to £1.25m.
It is
customary for the government to accept the Low Pay Commission’s
recommendations.
The
chancellor George Osborne has suggested that the NMW could reach £7 an hour by
2015-16.
Source: Recruiter Published: 27 Feb 2014