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CBI comments on the increase to the minimum wage

The CBI has responded to the Government announcement to increase the national minimum wage by 19p an hour to £6.50 in October this year.

  • The rate for 18 to 20-year-olds will go up by 10p to £5.13 an hour, a 2% increase.
  • The rate for those aged 16 and 17 will rise by 7p to £3.79, a 2% rise.
  • The apprenticeship rate will rise by 5p to £2.73, also a 2% rise.

Katja Hall, CBI, Chief Policy Director said:

“The Government’s decision to accept the Low Pay Commission’s recommendation of a 3% rise in the national minimum wage is a sensible one and will not put
jobs at risk.

“This rise will strike the right balance between protecting jobs whilst ensuring those on minimum wage benefit as the economic recovery takes hold.”

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