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News - 8 April 2011

National minimum wage to rise.

From 1st October 2011 the National Minimum Wage is set to rise to £6.08 an hour, the government has said. As recommended by the independent Low Pay Commission (LPC).

The LPC was unanimous in its recommendations "despite all the economic uncertainties" according to its chairman, David Norgrove.

The complete set of changes are:

• over-20s: up 15p (2.5%) to £6.08
• 18-20 year-olds: up 6p (1.2%) to £4.98
• 16-17 year-olds: up 4p (1.1%) to £3.68
• Apprentices: up 10p to (4%) £2.60.


Business Secretary Vince Cable said the changes would help more than 890,000 of Britain's lowest-paid workers.
“[The changes] are appropriate - reflecting the current economic uncertainty while at the same time protecting the UK's lowest-paid workers.

However, The British Chambers of Commerce (BCC) said the changes risked pricing young people out of work when youth unemployment was at a record high.

If you need any help and advice on this or a similar matter don’t hesitate, contact Lavinia Newman, Stuart Coleman or Tonmoy Kumar NOW to discuss how ABDS can help in all your financial planning and business advice.

ABDS of Southampton, for all of your Tax Planning, Compliance and Tax Returns.

Tel: 023 8083 6900  E-mail: abds.marketing@netaccountants.net

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