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Category Archives: Minimum Wage

National Minimum Wage increased

The National Minimum Wage (NMW) has been increased this week by 15p to £6.08 per hour, for adults aged 21 or over. At the same time, the development rate, for those aged 18-20 has gone up by 6p to £4.98 per hour, and for those in the 16-17 year old category the rate has risen by 4p to £3.68 per … Continue reading

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Is it right to raise the minimum wage in the current climate?

The government has acted on the recommendations of the Low Pay Commission, which is an independent body, to raise the minimum wage for adults by 2.5% to £6.08 per hour. This rise will take place in October. The minimum wage for those aged 18 to 20 will go up by 6p to £4.98 per hour, and the rate for 16-17 … Continue reading

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It was worse than we thought

Yesterday the ONS produced revised figures for GDP growth in the first quarter of 2009. Their original estimate had been that GDP fell by 1.9% but this has now been revised downwards to 2.4%. This was the biggest quarterly fall for 51 years.   It is reasonable that revisions have to be made retrospectively, but we are not used to … Continue reading

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Minimum wage rises to £5.80 per hour

The government has just announced that the minimum wage will increase by 7p to £5.80 per hour from October. This follows on from an increase of 21p last year. The rate for 18-21 year olds will go up by 6p to £4.83 and for 16-17 year olds by 4p to £3.57.   This level of increase was recommended by the … Continue reading

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