Minimum wage now worth less
Andrew Grice has been Political Editor of The Independent since 1998. He was previously Political Editor of The Sunday Times, where he worked for 10 years, and he has been a Westminster-based journalist since 1982. His column, Inside Politics, appears in The Independent each Saturday.
Tuesday 17 April 2012
The national minimum wage is now worth less than it was in 2004 and a higher rate should be introduced for workers aged 25 and over, according to a report published today.
The Resolution Foundation, an independent think-tank, found that the recently announced increase from £6.08 to £6.19 this October will leave the minimum wage 6 per cent below its 2009 peak in real terms because it has been rising by less than inflation.
Professor Alan Manning, of the London School of Economics, says in his report that the caution about raising it in recent years is justified but he finds the impact of the wage floor has now stalled.
Have shock jocks gone too far after Rush Limbaugh called Sandra Fluke a slut?
The ‘Beverly Hills’ of Surrey pays more income tax than big cities of the North
British business: We need to stay in the European Union - or risk losing up to £92bn a year
World news in pictures
British father faces charges after confessing to slitting his two children's throats in Lyon flat
- 1 The ‘Beverly Hills’ of Surrey pays more income tax than big cities of the North
- 2 Gareth Bale agrees new £130,000-a-week Tottenham contract - but can leave next season for £50m
- 3 'Revenge porn' is no longer a niche activity which victimises only celebrities - the law must intervene
- 4 The moral case on tax avoidance is overwhelming - and we all know Google wants to do the right thing
- 5 Sam Wallace: The second coming of Jose Mourinho at Chelsea will be a reunion that can only end in tears
BMF is the UK’s biggest and best loved outdoor fitness classes
Find out what The Independent's resident travel expert has to say about one of the most beautiful small cities in the world
Win anything from gadgets to five-star holidays on our competitions and offers page.
£85 - £135 per day: Randstad Education Manchester Primary: Year 6 teacher need...
£425 - £550 per day: Orgtel: Senior Finance Project Manager - £550 - Bristol -...
£16000 - £18000 per annum + OTE: Connex Education: Connex are a reputable and ...
Negotiable: Progressive Recruitment: Our client based in North West England is...