SUBSCRIBERS

Britain raises minimum wage

But critics denounce move as largely symbolic in an era of state austerity

Published Fri, Apr 1, 2016 · 09:50 PM
Share this article.

London

BRITAIN'S Conservative government raised the minimum wage by 7.5 per cent on Friday in a move denounced by critics as largely symbolic in an era of state austerity.

Around 1.8 million employees will benefit from the National Living Wage (NLW).

Workers aged 25 and over will now earn a minimum hourly gross wage of £7.20 (S$13.80) compared with £6.70 previously.

"The National Living Wage will play a central role in moving Britain to a higher wage, lower tax, lower welfare economy," said British Fin…

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to  t.me/BizTimes

International

SUPPORT SOUTH-EAST ASIA'S LEADING FINANCIAL DAILY

Get the latest coverage and full access to all BT premium content.

SUBSCRIBE NOW

Browse corporate subscription here