Budget: here’s what you’ve been saying about the new minimum wage
George Osborne has introduced a new minimum wage of £7.20 an hour for the over-25s and pledged to raise wages for the same age bracket to around £9 an hour by 2020.
Rhys Moore, director of Living Wage UK, responded to what the chancellor called a national living wage by saying that “this is effectively a higher national minimum wage and not a living wage”. Currently, the living wage is £9.15 an hour in London and £7.85 in the rest of the UK.
There are fears that the raise will lead to job cuts. John Cridland, director general of the CBI, warned that “jobs might be lost in restaurants, hotels and the social care sector”.
So with living costs in cities such as London still high, what difference will the change make to Britain’s low-paid workers?
Here’s what you’ve been saying on Twitter:
What do you think about the new minimum wage? Share your thoughts in the comments below.
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