The Minimum Wage: Not frozen
The rise in the minimum wage announced today is small but it is a rise. The strenuous megaphone lobbying by the business associations to freeze the minimum wage (covered elsewhere on this blog) was faced down. An extra £2.45 per week for a full-time minimum wage worker isn’t a lot but the mean-spirited and economically myopic bunch at the CBI and British Chambers of Commerce would have had it at £0.00p. So a small glimmer within the gloom.