Recruitment Agency Now

Navigation

Loading...
You are here:  Home  >  News  >  Current Article

Low Pay Commission to examine minimum wage boost

September 19, 2013  /   No Comments

Anna Scott

The body that advises the government on the national minimum wage is to examine how the pay rate can rise faster than the current economic conditions will allow.

The Low Pay Commission will consider what labour market conditions need to be in place in the medium term to allow further increases in wages, without having an adverse impact on jobs.

This will allow low paid workers to benefit from the emerging economic recovery, according to the Department for Business, Innovation & Skills.

Vince Cable, secretary of state for business, innovation and skills – who has requested the Low Pay Commission’s investigation – said the NMW is a vital safety net to protect the low paid.

“However, as signs of an economic recovery start to emerge, we need to do more to make sure that the benefits of growth are shared fairly across the board,” he added.

“In addition to [the LPC’s] ongoing annual remit, I am asking them to extend this expertise to help the government and business understand how we can deal with the issue of low wages in the economy.”

On 1 October, the national minimum wage will rise by 12p per hour to £6.31 for adults, and to £5.03 an hour for 18-to-20-year-olds, an increase of 5p. The biggest increase yet in the NMW was in 2001, when it increased by 40p per hour.

 

    Print       Email
  • Published: 5 years ago on September 19, 2013
  • Last Modified: September 30, 2013 @ 9:02 am
  • Filed Under: News, Weekly Bulletin

Leave a Reply

RA Now TV

RA Now 2016 Preview

RA Now 2016 Preview

View all →

Your Voice

  • Oct 11
    Via @IOR_JoinUs on Twitter  Facebook accused of discriminating against women with male-targeted job adverts http://flamepost.com/u/lHi Read More
  • Sep 27
    Via @agencycentral on Twitter  Need an introduction to recruitment agency regulations? The laws and regulations recruiters absolutely need to know about. http://bit.ly/2N1ndyh Read More
  • Sep 13
    Via @greg_savage on Twitter People don't leave companies. They leave leaders! http://ow.ly/B8Fh30lNqjQ   Read More
  • Jul 19
    Via @recmembers on Twitter Google for Jobs launched today in the UK – in case you missed it, here’s REC marketing manager Michael Oliver's blog on how agencies can take advantage > https://t.co/1dHnR9P4Dl Read More

RSS News

Archive