I heard several weeks ago that some Labour figures were pushing for a new “living wage” in the manifesto – perhaps of £7.60 an hour – which would apply to people in London. There the minimum wage is often seen as insufficient to get by.
I didn’t believe it would happen: would the likes of Lord Mandelson allow it; given the cost implications for employers of all stripes? (The current minimum wage is £5.80 an hour). And I’m still very suspicious. Read more