Britain lifts minimum pay for over a million people

Workers aged 25 and over will now earn a minimum hourly gross wage of £7.20 compared with £6.70 previouslyBritain’s Conservative government raised the minimum wage that is pocketed by more than a million people Friday, trumpeting it as a transformative step for the economy but winning few plaudits from employers or austerity-weary unions. The pay rise, first announced by Prime Minister David Cameron’s government last July, represents a complete about-turn for the Conservative party, which opposed the introduction of the minimum wage in 1999 when then prime minister Tony Blair’s Labour was in power. “The National Living Wage will play a central role in moving Britain to a higher wage, lower tax, lower welfare economy,” British finance minister George Osborne said as the pay boost came into effect.

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