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.
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.
Business Secretary Vince Cable told ITV News the Low Pay Commission must set the minimum wage and "politicians of all parties have got to respect that" after Chancellor George Osborne backed an increase.
ITV News Deputy Political Editor Chris Ship has tweeted:
Vince to Osborne: #minimumwage rate has "got to be set by Low Pay Commission & politicians of all parties have got to respect that" @itvnews
The Chancellor has said he is in favour of a rise in the minimum wage above the rate of inflation in an apparent turnaround.
Chancellor George Osborne has said that the country can afford an above-inflation increase in the national minimum wage ahead of elections.