Labour has executed another U-turn as Reeves backs down on plans to hike the minimum wage for 18-20s. The Low Pay Commission was working on equalising the minimum wage across age groups, they’ve now been stood down…
The FT reports officials have been told the equalisation doesn’t have to happen until next decade. The rates area already going up next month by 8.5% to £10.85 for 18-20-year-olds, approaching the £12.71 for 21s and above. Labour pledged in its manifesto to equalise the rates…
With unemployment skyrocketing Reeves has backed off that policy. Now scrap the National Insurance hike…
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