Minimum Wage increased

The government has announced that the minimum wage will rise by 7p to £5.80 an hour from October. The rate for 18-21 year olds will rise by 6p to £4.83 and the rate for 16-17 year olds will rise by 4p to £3.57 and hour. The rise represents a 1.5% increase and was welcomed by the CBI and the British Chambers of Commerce who wanted the rate frozen. Perhaps they'd change their minds if they had to live on £5.80 an hour.