Clearview North November 2013 - Issue 144 | Page 86

businessnews

NATIONAL MINIMUM WAGE RISES
On Tuesday 1st October 2013 the National
Minimum Wage (NMW) rose in accordance
with the recommendations set out by the
independent Low Pay Commission (LPC)
in April this year.
From 1st October 2013:

• The adult rate increased by 12p to £6.31 an
hour
• The rate for 18-20 year olds increased by 5p to
£5.03 an hour
• The rate for 16-17 year olds increased by 4p to
£3.72 an hour
• The apprentice rate increased by 3p to £2.68
an hour

• The accommodation offset increased to £4.91
• More than 890,000 of Britain’s lowest-paid
workers will gain from these changes.

‘We need to do more to
make sure that the benefits
of growth are shared
fairly across the board’
Business Secretary Vince Cable said: “The
National Minimum Wage is a vital safety net
in protecting the low paid. Each year, the LPC
carries out a huge amount of detailed and

valuable work to make sure they recommend a
rate that supports people on low pay without
damaging their chances of getting a job.
“But as signs of an economic recovery start to
emerge, we need to do more to make sure that
the benefits of growth are shared fairly across the
board.
In addition, from 1st October employers
who fail to pay the National Minimum Wage
(NMW) will be publicly named and shamed
under revamped plans to make it easier to clamp
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