Please enable JavaScript in your web browser settings, under the site permissions section to unlock full site functionality. Click here for help.

Article Image - Minimum Wage Workers Will Be Hit by Chancellor’s Cuts, Says TUC

Posted 17th March 2015

Minimum Wage Workers Will Be Hit by Chancellor’s Cuts, Says TUC

TUC General Secretary spoke about new minimum wage rates.

Scroll to keep reading

Minimum Wage Workers Will Be Hit by Chancellor’s Cuts, Says TUC

Minimum Wage Workers Will Be Hit by Chancellor’s Cuts, Says TUC

Commenting on the announcement today (Tuesday) by the Prime Minister and Deputy Prime Minister of the new rates of the minimum wage that will apply from October 2015, TUC General Secretary Frances O’Grady said:

“For the low paid to get a fair share of the recovery, this was a year in which we could have had a much bolder increase in the minimum wage.

“With one in five workers getting less than a living wage, this is nowhere near enough to end in-work poverty. Britain’s minimum wage workers should be very fearful of the billions of pounds of cuts to government help for the low paid that the Chancellor is planning if re-elected.

“Apprentices will welcome the increase to their minimum wage, which will reduce the shortfall in their minimum pay relative to 16 and 17 year-old employees. But there really shouldn’t be a gap at all. The TUC will continue to call on the Low Pay Commission to recommend a future increase that will match the apprentice rate to that for 16 and 17 year-olds.”

Categories: Strategy

You Might Also Like

Business Transformation – Setting Up For Success

01/04/2025Business Transformation – Setting Up For Success

Love it or loathe it; business transformation now seems to be a regular, if not constant part of corporate life, as smart organisations adapt to economic shifts, new technologies and ever-evolving expectations from customers and staff.

Investors: Act On ‘Double Edged Sword’ Strong Dollar Environment

19/01/2015Investors: Act On ‘Double Edged Sword’ Strong Dollar Environment

Despite the Swiss Franc grabbing the headlines recently, the US dollar will continue to make gains over other major currencies in 2015, says deVere Group strategist

Are you doing your #duediligence?

06/10/2015Are you doing your #duediligence?

When acquiring a target company or business, the due diligence (“DD”) exercise is a core part of the acquisition process. This gives the buyer the opportunity to delve into the business from a legal, financial and commercial perspective while providing ins

LCCG completes the acquisition of the offshore bond portfolio from Athora Holding Limited

10/01/2019LCCG completes the acquisition of the offshore bond portfolio from Athora Holding Limited

Life Company Consolidation Group (LCCG) is pleased to announce that on 31 December 2018 its subsidiary, Utmost Ireland DAC, completed the purchase of the entirety of the offshore bond portfolio of Athora Ireland from Athora Holding Limited. The offshore bond p

Leadership is making a comeback – what does this mean for finance professionals?

29/10/2019Leadership is making a comeback – what does this mean for finance professionals?

Driven by the meteoric rise of visionary tech billionaires, the popularity of strong leadership in the workplace has soared in the last seven years. In 2012, just 14% of employees said strong leadership was an important factor in attracting them to a new emplo

Ruling Over the World’s Economies

06/11/2015Ruling Over the World’s Economies

Developing economies quickened the pace of their business reforms during the last 12 months to make it easier for local businesses to start and operate, says the World Bank Group’s annual ease of doing business measurement.

Inspiring Inclusion and Investing in Women will Level the Playing Field

Corporate Social Responsibility

26/03/2024Inspiring Inclusion and Investing in Women will Level the Playing Field

While the number of women in the workforce holding senior positions and running their own businesses has increased in recent years, there is still a lot of work that needs to be done to level the playing field.

How Feasible is a Large-Scale Return to the Office?

15/07/2021How Feasible is a Large-Scale Return to the Office?

The return to the office is turning out to be a lengthy and gradual process as the coronavirus still looms - with many of the world’s workforce still working remotely for the foreseeable future. As many companies grapple with the return to the office, it bea

Who Performs Outsourced CCO Services?

08/09/2025Who Performs Outsourced CCO Services?

The financial world can be challenging to navigate, especially when dealing with foreign investments. After all, the regulations could be unique to each country and any mistake can be costly. Thankfully, you can get an outsourced chief compliance officer or CC

View More Articles

Our Trusted Brands

Acquisition International is a flagship brand of AI Global Media. AI Global Media is a B2B enterprise and are committed to creating engaging content allowing businesses to market their services to a larger global audience. We have a number of unique brands, each of which serves a specific industry or region. Each brand covers the latest news in its sector and publishes a digital magazine and newsletter which is read by a global audience.

MORE BRANDS