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07th of October 2010
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News Tag: minimum wage

October 1, 2010

New minimum wage comes into force today

by Kay Murchie
The UK minimum wage will rise by 13p (2%) to £5.93 an hour today and is set to benefit almost one million people, according to the Low Pay Commission. The 13p an hour rise applies to workers aged 21 and over. Meanwhile, the rate for 18 to 20-year-olds will increase by 9p to £4.92, while 16 and 17-year-olds will see a ...

May 12, 2009

Minimum wage to rise from October

by Kay Murchie
The Government has announced that the UK minimum wage will rise by 7p to £5.80 an hour from October, despite warnings to freeze the hourly rate. According to the Government, almost one million people will benefit from the increase and the 7p an hour rise applies to workers aged 22 and over. In the meantime, the rate for 18 to 21-year-olds will increase ...

April 19, 2009

BCC urging Chancellor to freeze minimum wage

by Kay Murchie
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 ...

December 29, 2008

CIPD: 2009 set to be worst year for employment for nearly 20 years

by Kay Murchie
According to the Chartered Institute of Personnel and Development (CIPD), the first quarter of 2008 could see nearly 300,000 people lose their jobs in Britain, making it the worst year for jobs since the early 1990s. The organisation is warning that unemployment is set to rise even more over the next 12 months, taking the ...

June 2, 2008

British workers set to retire on less than minimum wage

by Kay Murchie
According to Fidelity's third annual retirement index, British workers are set to retire on less than the minimum wage. A typical worker will see their earnings fall by over 50% on reaching retirement to just £215 per week - less than the income of someone who works 40 hours a week on the minimum wage of £5.52 ...

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