'No gain' from rise in minimum wage
Filed under: News
The TUC said that with RPI inflation running at 2.9%, the 1.8% rise in the statutory hourly rate will lead to a "squeeze" on the living standards of almost a million mainly women workers.
How the rich get richer
The adult rate increases by 11p an hour to £6.19, but there will be no change to the £4.98 an hour for 18 to 20-year-olds and £3.68 an hour for workers above school leaving age but under 18.
The rate for apprentices will increase by 5p to £2.65 an hour.
"These new rates are a particular blow to younger people who will face the biggest hit on their living standards. There is no evidence that the minimum wage has had an adverse impact on young people's employment so it is hard to see the logic behind their pay freeze.
"Today's rate increases do not do enough to help hard-pressed families. We need a bolder increase next year otherwise the real incomes of minimum wage workers will continue to fall, along with consumer demand."
© 2012 Press Association