BCC urging Chancellor to freeze minimum wage
The British Chambers of Commerce (BCC) is calling for Chancellor Alistair Darling not to increase the national minimum wage in Wednesday’s Budget.
The request comes as the organisation is calling for measures to drive the private sector out of recession.
Other measures including reducing corporation tax paid by small businesses, as well as introducing help to encourage short-time working rather than redundancy.
Director General of the BCC, David Frost, warned that without Government intervention, more companies could go bust. He said: “It will be business that drives the economy forward, creating jobs and wealth.”
The minimum wage was introduced a decade ago and currently stands at £5.73 an hour for adults, £4.77 for 18 to 21 year-olds and £3.53 for 16 and 17 year-olds.
Other items expected in this week’s budget include tax increases to meet the ever-growing budget deficit.