Monthly Archives: November 2014

Latest Changes to National Minimum Wage

Fran Tyler

Fran heads up First Call Financials. She has over 40 years’ accountancy experience and is a Fellow Member of the Association of Accounting Technicians.

This October the Low Pay Commission directed recommendations to the Government resulting in a 19 pence increase to National Minimum wage. The current rate, now reaching £6.50 per hour, saw a sigh of relief for many.

According to Business Secretary Vince Cable, the National Minimum Wage is a “vital safety net” for low-paid workers across the country where we have seen changes above inflation. This means that more than 1 million people will see an increase of £355 to their pay in the upcoming year.

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