UK Money News
5th March 2008
Low pay households benefit from wage rise
Low pay households will welcome news today that the national minimum wage is to increase to £5.73.
This means that anyone over the age of 21 will have to be paid at least that hourly rate.
John Hutton, the business secretary, said close to one million people, two-thirds of them women, would benefit from the move.
"The national minimum wage remains one of the most important rights introduced by the government in the last decade," Mr Hutton said.
"Before it was introduced, some workers could expect to be paid as little as 35p an hour, our legislation has ensured that can no longer happen.
"I am proud of the minimum wage. It makes a real difference to the lives of many of our lowest-paid workers and protects them from exploitation," he added.
The minimum wage, which was introduced in 1998, applies to people over the age of 21, although there are different levels for 18 to 21-year-olds and for 16 and 17-year-olds
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