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George Osborne backs minimum wage rise to £7 per hour

The minimum wage could rise to £7 an hour by 2015, Chancellor George Osborne has told the BBC. Osborne said the "economy can now afford" an above-inflation rise.

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Osborne signals minimum wage rise

The minimum wage could rise to £7 an hour by 2015, Chancellor George Osborne has told the BBC. Osborne said the "economy can now afford" an above-inflation rise. The current minimum wage stands at £6.31 for people aged over 21.

Chancellor of the Exchequer George Osborne. Credit: Stefan Rousseau/PA Wire

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