The Financial Times today carries a report on the increasing unease among business leaders about the forthcoming rise in the minimum wage in October.
In March, the Low Pay Commission decided to boost the minimum wage by 5.9% to £5.35p an hour, which is well above the average basic annual wage increases of 3.8% and more than double the rate of inflation - currently 1.8%.
Business leaders say the rise in the minimum wage, one of Labour's proudest achievements, is bumping up pay as workers further up the food chain seek to restore previous differentials. Business
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