excessive

Excessive Minimum Wage Rise Stops Firms Recruiting, warns BCC

Excessive Minimum Wage Rise Stops Firms Recruiting, warns BCC

Raising the national minimum wage by almost double last year’s increase will deter small firms from taking on new recruits, the British Chambers of Commerce (BCC) has warned. A minimum wage increase of 2.2% from 1 October 2010 for low paid workers aged over 21 was announced in this year’s Budget. This will bring their hourly pay up from £5.80 to £5.93. Last year the national minimum wage increased by just seven pence from £5.73 to £5.80. Low paid workers aged between 18 and 20 will also see a rise, to £4.92 per hour, while 16 to 17 year-olds will be paid £3.64 per hour. The BCC’s director of policy and external affairs, Dr Adam Marshall, said the wage increase took some of the shine off a Budget that had small firms at its heart. &ldquo... »