UK Minimum Wage Rise
Will the minimum wage affect your business?
The minimum wage will rise in October, benefiting more than 1m people, the government has announced. Adults must be paid at least £5.05 an hour, up from £4.85, while 18 to 21 year olds will be paid £4.25. The recommendations came from the Low Pay Commission which said the number of jobs had continued to grow since the minimum wage was introduced in 1999.
Businesses wanted it frozen, warning more rises could damage competitiveness but the unions want a £6 rate.
What it means for you:
The minimum wage will rise in October, benefiting more than 1m people, the government has announced. Adults must be paid at least £5.05 an hour, up from £4.85, while 18 to 21 year olds will be paid £4.25. The recommendations came from the Low Pay Commission which said the number of jobs had continued to grow since the minimum wage was introduced in 1999.
Businesses wanted it frozen, warning more rises could damage competitiveness but the unions want a £6 rate.
What it means for you:
- The Inland Revenue Contributions Agency will enforce the new system. It can prosecute any companies who fail to meet their responsibilities.
- Employers will be fined £7.20 per worker for every day they fail to comply with the minimum wage. This can peak at £5,000.
- Workers can report breaches of the minimum wage anonymously.
- Workers have a case for unfair dismissal if they can prove they were sacked for protesting about not receiving the correct wage.
Sites of Interest: Inland Revenue | The DTI
0 Comments:
Post a Comment
<< Home