Young people across Britain have yet again been let down after the government announced that they will face a real terms cut in the minimum wage.
The government have announced a pathetic 4p rise in the basic minimum wage bringing it up to just £3:72 for 16 and 17 year olds.
The ‘rise’ in the minimum wage is well below the 2.7% consumer price inflation rate resulting in a real term cut for some of the poorest and most vulnerable young people across the UK. This blow makes a mockery of the government’s commitment to ‘make work pay‘.
This ‘increase’ also leaves the minimum wage well under the ‘living wage for Londoners’.
The ‘Living Wage’ set at £8:55 for Londoners is worked out on the basic cost of living – over £5 over the current minimum wage for 16 and 17 year olds.
When this government proudly announces it’s ‘increase’ despite the Low Pay Commissions’ recommendations – don’t believe them. This is a real term cut.
The differing levels of the new minimum wage (depending on your age) which come into effect from the 1st October 2013 can be found here.