17 October 2014

The government has submitted evidence to the Low Pay Commission, which will help decide the level of the National Minimum Wage from October 2015.

According to the government:

The evidence submitted shows that,

• the UK economy is improving. It is growing faster than any other Western economy, with GDP over 3% higher in the second quarter of 2014 compared to the previous year
• record numbers of people are in work with millions more private sector jobs created since early 2010
• although average earnings have fallen in real terms, since 2012 this fall has reduced because inflation has been below target. Going forward, average earnings growth is predicted to rise and we have already seen the first real increase in NMW since 2007

Read the press release in full here