low pay

CBI Calls for “modest rise” in Minimum Wage

The Confederation of Business Industry (CBI) stated yesterday that there needs only to be a "modest rise" in the UK’s national minimum wage next year. After the Minimum Wage rate increase on 1st October, Britain’s minimum wage has become the third highest in the world after France & Australia. Britain’s wage rise is higher than any other OECD (Organisation for Economic Co-operation and Development) country when the same-period productivity gains are taken into account. Last Monday’s increase to £5.52 an hour has meant that the minimum wage has risen by 53% since its introduction in 1999. By comparison average earnings have grown by just 38.8%. One million British workers are estimated to have received a pay increase last week. The CBI has said th... »