April 17 2014.
The Low Pay Commission (LPC) has welcomed the government’s acceptance of its recommendations on rates for the National Minimum Wage (NMW) for adults and young people from October 2014. The NMW is increasing by three per cent to £6.50 per hours, from October. The LPC says this takes account of the pressure the minimum wage places on businesses, particularly in the low-paying sectors and small firms. It also says the labour market position of young people has yet to improve to match that of adults, although it now appears to have stabilised. It is recommending increases of two per cent in their rates.
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