Minimum wage means companies pay a fairer share

Michelle McGagh
Coins in hand
Coins in hand

The benefits of an increase in the minimum wage is obvious for the individual but it also sticks the boot in to profit-hoarding companies.

The government announced last week that the national minimum wage is to rise 12p an hour to £6.31 for adults and by 5p to £5.03 for 18 to 20 year olds. This very small boost will come in from October following recommendations from the Low Pay Commission.