The rise in the minimum wage announced today is small but it is a rise.  The strenuous megaphone lobbying by the business associations to freeze the minimum wage (covered elsewhere on this blog) was faced down.  An extra £2.45 per week for a full-time minimum wage worker isn’t a lot but the mean-spirited and economically myopic bunch at the CBI and British Chambers of Commerce would have had it at £0.00p.  So a small glimmer within the gloom.

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