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« Government warned not to hit entrepreneurs in private equity crossfire | First Minister praises Wrexham’s workforce for “Incredible enthusiasm”. »
Minimum wage set to rise
More than 60,000 workers in Wales and more than a million workers across the UK, will benefit from an increase in their hourly pay from next week, according to Wales TUC.
From Monday the adult minimum wage goes up to £5.52 an hour, while the hourly rates for 18-21 year olds and 16-17 year olds increase to £4.60 and £3.40.
According to the British Retail consortium the rate of increase in the national minimum wage was up 46% since 1999 and was now seriously slowing the rate of retail job creation. The effects being particularly bad for SME retailers who were spending 25% of turnover on wages.