
Chancellor George Osborne meets workers, Toyota car plant, Derby, 2011 (HM Treasury)
From today — 1 April 2016 — workers in the UK aged over 25 earning the minimum rate of £6.70 per hour will get a 50p increase. The government boasts that this proves it is on the side of workers: “Britain deserves a pay rise,” the chancellor George Osborne has claimed. “And this one-nation government is making sure it gets one, helping more people have the security of a higher wage to provide for themselves and their families.”
No doubt many will be paid more but let’s not get ahead of ourselves.