UK minimum wage set for big change in cost of living plan

The Business Secretary, Jonathan Reynolds, has instructed the LPC to pay heed to the cost of living (Image: Getty) Ministers in the new Labour government are set to announce a major shake-up to ensure the minimum wage keeps up with the cost of living . The gap between the Minimum Wage for younger and older workers is also expected to be reduced, according to The Mirror . Currently, the Low Pay Commission (LPC) makes recommendations to ministers on the rate, but does not base their recommendations on low paid workers’ ability to make ends meet.

The shake-up comes as a new poll has found that seven in 10 voters believe the lower rate for 18-20-year-olds should be scrapped altogether, which sees younger workers paid less than older colleagues for doing the same work. function loadOvpScript(){let el=document.createElement('script');el.

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