Essential reading for retailers and suppliers in the home improvement market

Business groups wary of future wage rise

Published: 1 October 2010
As the national minimum wage increases 2%, the BRC warns of the effect of another increase next year, as retailers struggle to create jobs in tough conditions.
Business groups wary of future wage rise
The National Minimum Wage rate today increased 2.2% from £5.80 to £5.93 for workers aged over 21 and 1.9% to £4.92 an hour for workers aged 18 to 20. While the British Retail Consortium (BRC) supports an increase in the hourly rate for low-paid workers, it warns of the impact on retailers, should next year's wage increase be set above 1.7% - the average rate of earnings increases over the past 12 months.

BRC director general Stephen Robertson said: "There's a delicate compromise between higher wages and more jobs. But the best protection for wages is preserving jobs to keep people working.

"Anything up to a 1.7% increase in next year's minimum wage strikes a sensible balance between helping low-paid workers and enabling retailers to create and maintain jobs."

He added: "It's the private sector that will drive the economic growth that will provide the jobs and tax revenues of the future. But consumer confidence is fragile, while the impact of the government cuts and nervousness about the housing market are creating a lot of uncertainty. Trading conditions are tough"

The Confederation of British Industry (CBI) agreed with the BRC's comments. CBI director general John Cridland said of the minimum wage rise: "This is a moderate increase that recognises that many businesses are still finding economic conditions challenging. A larger rise could have priced lower-paid people out of the labour market."


(Your email address will not be published)
7 + 1 =  
Already Registered?
Sign In
Not Yet Registered?
Printable View E-mail Bookmark

Latest reader comments

re: Latest update on Green Homes Grant and implications for homeowners and landlords

John Hart
After applying for a green homes how long will it take for a decision? thanks...

re: SX Rainproof Exterior Caulk

I need the exterior sx rain resistant caulk! Can't get it anywhere so please help! How can I order it? Need it yesterday...

re: BCT can replicate any material in a ceramic tile

Christina Tiritanou
Not sure if you can help as I require a tile which has the measurements of 6”x 6”? Thank you....

re: Latest update on Green Homes Grant and implications for homeowners and landlords

colin thompson
SarahVery clear and helpful information.Thanks...

Most read stories