Bulletin

Minimum wage due to rise £416 a year

pay rise

The Low Pay Commission has recommended that the minimum wage be increased by 20p to £6.70 an hour, which would give millions of workers a pay rise of more than £400 a year. Business secretary Vince Cable said the Government could announce whether it is adopting the recommendation in the budget next month. Katja Hall, from the CBI, praised the suggested rise, saying the body had struck a 'careful balance'. The commission said the pace of the economic revival justified an increase that was higher than inflation and average wage growth.

 

Note: News bulletin content has been provided by a third-party and is not the opinion of Santander.

Other Articles

This International Women’s Day, our analysis reveals a continuing untapped potential and huge opportunity when it comes to women in…

London

London-based ACT Clean has secured private investor backing for a £10.2 million management buyout.

Bulletin
Spain

Santander takes 12 UK food and drink manufacturers to Spain on one of our successful trade missions. Adam Payne in the international team…

This International Women’s Day, our analysis reveals a continuing untapped potential and huge opportunity when it comes to women in…

London

London-based ACT Clean has secured private investor backing for a £10.2 million management buyout.

Bulletin
Getting a taste for Spain!

Santander takes 12 UK food and drink manufacturers to Spain on one of our Trade Missions. Alicia Ferrero Vega in the International team…

Bulletin

Where Next?