Labour may drop minimum wage pledge over youth jobless fears: Report
Youth unemployment reached 16.1%, the highest since 2014, prompting ministers to reconsider raising the minimum wage for 18-20-year-olds amid business hiring concerns.
- Business groups have told UK ministers that the increase in the national living wage and wider employment rights have priced out young workers aged 18 to 24 from the job market, with almost one in six in that age group currently unemployed.
- The UK government is considering slowing down or limiting upcoming rises to the minimum wage for younger workers to address concerns that higher labor costs are contributing to high youth unemployment.
- Options under review include extending the timeline for equalizing minimum wages across age groups beyond the next election, or only equalizing rates for those over 20 years old.
8 Articles
8 Articles
Labour could ditch minimum wage manifesto pledge amid fears of fuelling record youth unemployment
Another Labour manifesto pledge is under threat, with ministers weighing whether to abandon plans to pay young people the same national minimum wage as older workers
Government plan to equalise minimum wage ‘not changed’, minister insists
Jo Stevens The Government’s plan to equalise the minimum wage between younger and older workers “has not changed”, the Welsh Secretary has insisted. Jo Stevens has said there has been no U-turn on Labour’s manifesto pledge to “remove the discriminatory age bands” in the minimum wage system. However, Chancellor Rachel Reeves dodged the question when asked whether she would delay plans to increase wages for 18 to 20-year-olds. It comes after The T…
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