Category Archives: Minimum wage

Major UK investors join push for retail giants to pay workers ‘real living wage’

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Axa and Scottish Widows back ShareAction campaign for chains such as Next to pay at least £12.60 an hour

Major investors including Axa and Scottish Widows are backing shareholder resolutions pressing retailers Next, Marks & Spencer and JD Sports to increase pay for thousands of workers.

More than 100 individuals and eight institutional investors, which manage over £1tn in assets, are backing an effort to encourage companies to pay a “real living wage”, which is designed to ensure workers can cover necessary household costs.

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Bank of England in no hurry on interest rates – but cuts will come

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Despite the decision to hold at 4.5%, businesses and households can take a confident view of the UK’s prospects

Bank of England policymakers might be on a “go-slow” as they look forward to interest rate cuts this year, but the direction of travel is almost certain.

After a meeting on Thursday when interest rates were kept on hold at 4.5%, City investors bet there would be more reductions in the cost of borrowing this year, most likely two cuts reducing the rate to 4%.

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Unpaid internships ‘locking out’ young working-class people from careers

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UK charity calls for positions of four weeks or longer to be banned to help close social mobility gap

Young people from working-class or disadvantaged backgrounds are being “locked out” of careers by unpaid or low-paid internships that benefit middle-class graduates, according to a social mobility charity.

Research by the Sutton Trust found that middle-class graduates made more use of internships as stepping stones into sectors such as finance or IT, even in cases where the internships paid nothing or below the minimum wage as required by legislation.

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London museum security guards urge public to stay away in strikes over pay

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More walkouts planned in 2025 at V&A, Natural History and Science museums as workers demand living wage

Three of the UK’s biggest museums face the threat of strike action in 2025 by security guards over pay and conditions.

Guards at the Science Museum, the Victoria and Albert Museum and the Natural History Museum are in dispute with the external contractor, Wilson James. They want a basic pay rate of £16 an hour to cope with the cost of living crisis.

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Grill’d was able to pay Arda $3 less than minimum wage. Unions want this youth ‘loophole’ abolished

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Advocates argue it’s time for young people’s wages to rise but business groups claim paying more will push some companies into insolvency

Arda Konstantine could vote, drink and drive a car. But as they were 19 years old, their employer, Grill’d, was legally able to pay them just $16.50 an hour – $3.38 less than the hourly national minimum for their age.

If Konstantine worked at the fast food chain’s airport store, their rate bumped up an extra $2. While employed at Grill’d, Konstantine never got weekend or public holiday rates.

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Wetherspoon’s boss warns of pub price rises as result of Labour budget

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Tim Martin blamed increases to the minimum wage and employers’ national insurance contributions

Pubgoers should expect prices to go up as a result of Labour’s first budget in 14 years, the politically outspoken boss of Wetherspoon’s, Tim Martin, has said.

Speaking as the hospitality chain announced record quarterly sales, Martin pinned the blame for an expected increase in pubs’ costs on the chancellor, Rachel Reeves, whose economic “pedigree” he has previously praised.

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Reeves to promise ‘wealth and opportunity for all’ in major tax-raising budget

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Having announced minimum wage boost, chancellor to say she can spare working people from tax rises

The UK’s national minimum wage is to rise by a higher than expected 6.7% next year, Rachel Reeves has announced before a multi-billion pound tax-raising budget designed to act as the springboard for a decade of national renewal.

Insisting that the increase to £12.21 in the pay floor marks a significant step in Labour’s plan to support the low paid, the chancellor will also say she can spare working people from the tax increases intended to plug the hole in the public finances and avoid a fresh wave of found of public spending cuts.

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Calls for investigation of Uber Eats and Deliveroo after raid on Bristol caravan camp

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Migrant workers accuse Home Office of targeting the victims of labour exploitation rather than companies profiting from them

Migrant workers living in a caravan encampment raided by immigration enforcement officers have accused the Home Office of targeting the victims of labour exploitation rather than companies profiting from the hidden economy.

The Observer reported in August that about 30 mainly Brazilian delivery riders working for large companies such as Deliveroo and Uber Eats were living in dilapidated caravans in the centre of Bristol. Many claimed they were, in effect, earning below the minimum wage and could not afford to rent in the city.

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New UK laws to stop repeat of P&O mass sackings scandal go before parliament

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Labour clamps down on poor working conditions at sea with laws on collective dismissal and minimum wage on cross-Channel ferries

Laws to ensure that the P&O Ferries mass sackings scandal can never recur will be laid before parliament this week as Labour clamps downs on poor working conditions at sea, with cruise and cargo ships also in its sights.

The transport secretary, Louise Haigh, said the new laws would close the loopholes exploited by P&O when it fired 800 crew without warning in 2022, and any company would now face unlimited fines for acting in such a way.

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Vets extend strike in first industrial action to hit Britain’s pet-care sector

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Staff at a practice in Wales have accused its private-equity-backed owner of poor pay and overcharging customers

Staff working at a chain of commercial vet surgeries have extended their strike, accusing their private-equity-backed owner of underpaying workers and overcharging pet owners as part of the first industrial action to hit the veterinary sector in the UK.

Unionised vets, nurses and support staff at Valley Vets in south Wales, which is owned by one of the largest veterinary corporations in the country, VetPartners, decided last week to stay out until the end of the month, in the latest move in an increasingly bitter dispute.

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Former ADF chief to report on Zomi Frankcom’s Gaza aid convoy death in ‘coming weeks’ – as it happened

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Wage increase should be more than inflation so workers get real pay rise: McManus

Sally McManus says workers are still coming from behind:

I won’t be too happy if it’s 3.5%. That’s smack on inflation. I think it should be more than inflation.

People should see a real wage increase.

One of the things that, you know, some people argue is … this weird wage price spiral idea which has been well and truly debunked over the last few years.

Just because one group of workers get a pay rise, like, the lowest paid … that’s not going to automatically flow on to everyone else.

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Currys boss: minimum wage hike shows government does not ‘care’ about retail

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Planned 10% UK increase as business rates rise will put pressure on already overburdened industry, says Alex Baldock

The boss of Currys has accused the government of failing to “understand or care” about UK retailers by pushing through a “big hike” in the UK’s minimum wage.

Alex Baldock’s comments come weeks after chancellor Jeremy Hunt announced plans to increase the legal minimum wage for the UK’s lowest paid workers to £11.44 an hour, representing a hike of almost 10%, from April 2024. The move will force employers to pay full time workers around £1,800 more per year.

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How Labour’s plan for ‘fair pay deals’ looks to solve UK social care crisis

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Underfunded, overstretched sector to become testing ground for battle against low pay but critics say policy is weak and vague

“My sister is a care worker. She was a care worker during the pandemic. Fourteen-hour shifts, often overnight. Unimaginable pressure. And the reward? A struggle every week – and I mean every week – just to make ends meet.”

So spoke Keir Starmer last month, drawing on experience close to home in his party conference speech to underline his determination to overhaul the cash-strapped social care sector.

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Autumn statement: Jeremy Hunt looks to cut UK taxes and ‘turbo-charge growth’

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Amid less gloomy OBR forecasts the chancellor is expected to take first steps towards cutting personal taxes

Jeremy Hunt will announce 110 measures to boost Britain’s stagnant economy and bow to demands from anxious Tory MPs for tax cuts when he delivers his second autumn statement on Wednesday.

In one of the last set-piece economic events before the general election, the chancellor will pledge to “turbo charge” growth while taking the first steps to cut personal taxes after recent sharp increases.

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Real living wage rises to £12 an hour as cost of living crisis continues

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The half a million workers whose employers pay the voluntary real living wage will earn £3,000 a year above the minimum wage

Almost half a million workers in the UK whose employers are signed up to pay the voluntary real living wage are in line for a pay rise to at least £12 an hour, taking their annual wage to £3,000 a year above the government’s minimum wage.

The Living Wage Foundation said employers in London that are part of the scheme will pay an enhanced rate of £13.15 an hour to cope with the extra costs of living in the capital.

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Minimum hourly wage in swanky West Hollywood is the highest in the US

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Business owners are concerned about growing labor costs they say could force them into financial hardship

The swanky, celebrity-studded city of West Hollywood officially has the highest minimum wage of any US city after pay zoomed to $19.08 an hour Saturday.

Workers in West Hollywood welcomed the increase amid rising rent, gas and food prices, although employers grumbled about growing labor costs that they say could drive them out of business.

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UK’s best known retailers top list of firms fined £7m over pay breaches

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WH Smith, Marks & Spencer and Argos among more than 200 firms that failed to pay workers legal minimum wage

Some of the UK’s best known retailers including WH Smith, Marks & Spencer, Argos and LloydsPharmacy are at the head of a list of more than 200 companies collectively fined £7m for failing to pay the legal minimum wage.

The businesses were also forced to pay out £4.9m to about 63,000 workers left out of pocket after violations of the rules were uncovered by inspectors at HMRC, varying from breaches related to asking workers to pay for aspects of their uniform to paying the incorrect apprenticeship rate.

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Australia’s aged care workers win 15% pay rise and minister says it’s the ‘first step’

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Fair Work Commission accepts that ‘feminised industries’ such as care work have been ‘historically undervalued’

Australia’s aged care workers have won a 15% pay rise, with the possibility of more to come, after the Fair Work Commission accepted the sector’s employees were underpaid.

The full bench of the FWC announced its interim decision on Friday afternoon, having accepted the expert evidence that “feminised industries” including care work “has been historically undervalued and the reason for that undervaluation is likely to be gender-based”.

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TUC picks opportune moment to call for rise in minimum wage

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Analysis: £15 an hour is ‘logical next step’ amid cost of living crisis but neither Labour or Tories likely to back campaign

• Minimum wage should be increased to £15 an hour as soon as possible, says TUC

The TUC has chosen its moment well. With Britain gripped by a cost of living crisis, the umbrella body for trade unions has called for the minimum wage to be raised from £9.50 to £15 an hour as soon as possible, and by 2030 at the latest.

It is an ambitious target, as the TUC openly accepts. The minimum wage is now 64% of median earnings. A £15-an-hour minimum wage by 2030 would be 75% of median earnings, the highest of any of the 38 members of the Organisation for Economic Co-operation and Development group of rich countries.

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Minimum wage should be increased to £15 an hour as soon as possible, says TUC

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Move opens new policy gap between unions and Labour party, which is reluctant to commit to specific figure under Keir Starmer

The minimum wage should be increased to £15 an hour as soon as possible to help millions of low-paid workers struggling amid the cost of living crisis, the TUC has said.

In a move that opens a fresh policy gap between unions and Keir Starmer’s Labour party, the TUC has thrown its weight behind calls for a more ambitious legal floor on pay rates. The union body said the government needed to draw up plans to get wages rising as workers suffer the biggest hit to living standards on record.

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