The bulk of Britain's businesses are either micro (less than 10 employees) or small (less than 50) and some 97 per cent employ fewer than 20. While these may support a reasonable wage negotiated at local level, many worry that if a statutory, national, minimum wage is set too high then many will have to shed staff.
The much-vaunted US minimum wage applies only to industry and is set so low that employers pay it anyway. Despite promises to help small businesses, we are still to be made criminals, fined and penalised.
Trade and Industry Policy Unit
Federation of Small Businesses
London SW1Reuse content