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.
CBI: 'Unaffordable minimum wage rise would cost jobs'
The Confederation of British Industry and British Chamber of Commerce have reacted to George Osborne's comments on a possible minimum wage rise.
ITV News Business Editor Laura Kuenssberg has tweeted:
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Surprise turnaround as Osborne backs minimum wage rise
The Chancellor has said he is in favour of a rise in the minimum wage above the rate of inflation in an apparent turnaround.
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Osborne spins on minimum wage as general election looms
Chancellor George Osborne has said that the country can afford an above-inflation increase in the national minimum wage ahead of elections.