United Kingdom -Significant increase in the national minimum wage needed -November 06, 2014

According to the TUC the economy not only can support a significant increase beyond £7, but there is a growing consensus that it will benefit long term growth and stability. While the minimum wage rose above inflation in October 2014 for the first time in four years, at £6.50 it is still well below the peak of its real value.

The trade union confederation TUC handed over its submission to the Low Pay Commission (LPC) on the national minimum wage. According to the TUC the economy not only can support a significant increase beyond £7, but there is a growing consensus that it will benefit long term growth and stability. While the minimum wage rose above inflation in October 2014 for the first time in four years, at £6.50 it is still well below the peak of its real value. The government must increase the minimum wage by more than the rate of inflation to avoid putting even further financial strain on low-wage families.

English: http://www.tuc.org.uk/economic-issues/labour-market-and-economic-reports ...  


For more information, please contact the editor Jan Cremers, Amsterdam Institute for Advanced Labour Studies (AIAS) cbn-aias@uva.nl or the communications officer at the ETUI, Mariya Nikolova mnikolova@etui.org. For previous issues of the Collective bargaining newsletter please visit http://www.etui.org/E-Newsletters/Collective-bargaining-newsletter. You may find further information on the ETUI at www.etui.org, and on the AIAS at www.uva-aias.net.


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