UK's new minimum wage still not enough to cover real cost of living
Minimum wage, or national living wage, is up this month. But campaigners fear it's not nearly far enough in the cost of living crisis.
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Minimum wage, or national living wage, is up this month. But campaigners fear it's not nearly far enough in the cost of living crisis.
Resolution Foundation study suggests lowest earners are £6,000 a year better off due to policy
British businesses trimmed their plans for staffing and wage increases this month, according to a survey published on Wednesday that suggested April's big increase in the minimum wage is weighing... -March 26, 2024 at 08:01 pm EDT - MarketScreener
The increase in the minimum wage could reignite inflationary pressures as firms are forced to pass on costs to consumers, the CBI warned.
The rate for those aged over 21 increases by almost 10 from April to £11.44 an hour.