Many of you will be aware that the government has accepted a request from the Low Pay Commission to delay an announcement on its recommendations on this year’s rise of the national minimum wage.
The announcement by the commission was due at the end of February, but in the light of the current economic circumstances, the commissioners asked to delay its report until the beginning of May.
The last thing that any business would want in the current climate is to have to increase wage levels particularly at a time when inflation seemed to be falling so dramatically. The British Chamber of Commerce had recently calculated that a further increase in the minimum wage of the same amount as in 2008 would cost businesses around about £300m.
Obviously, some sense has been applied to the current situation.