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National minimum wage 2008: cautious increase reflects economic uncertainty

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Source: IRS Employment Review

Issue: 894

Date: 10/04/2008

Publisher: IRS

National minimum wage 2008: cautious increase reflects economic uncertainty

TOPICS:

recruitment	labour market and economy
pay and benefits	statutory rates and benefits

AUTHOR: Rachel Sharp

The national minimum wage for adults will increase by 3.8% to £5.73 an hour from 1 October 2008, following a similarly cautious increase of 3.2% last year, and reflecting uncertainty about the global economic outlook.

On this page:
Protecting jobs
The increases in context
Coverage and "bite" of the national minimum wage
Impact of increased annual leave entitlement
Data on the impact of the national minimum wage
Into the future
Young workers
Accommodation offset
Reviewing guidance on the national minimum wage
Enforcement and compliance
Reactions to the announcements
Table 1: National minimum wage rates, 1999-2008
Box 1: Reactions to the national minimum wage announcement.

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