British Chambers of Commerce call for freeze on minimum wage
March 9, 2009
The British Chambers of Commerce have called for the national minimum wage to be frozen in 2009. The group made the call to try and bring about economic stability and have seen this as part of a recovery plan.
The current minimum wage is £5.73 per hour but this is due to be reviewed in October by the Low Pay Commission.
The report states:
“When the economy grows, inflationary NMW increases can and should be absorbed by businesses. Freezing the NMW in 2009 would offer genuine help to businesses and support employment, with the added benefit of being a minimal cost to the government.”
The Director General from the British Chambers of Commerce, David Frost has spoken out and explained that the government needs to do it all it can to help assist businesses through the tough times of the downturn.
David has said:
“Collectively, we need to be looking at what sort of economy we want to see in the future, and, importantly, what action will need to be taken to get us there. This recovery plan should act to foster growth in the short term and lay the foundations for economic stability in the long term.”
Do you agree that a freeze should be put on the minimum wage in order for businesses to keep more money to create new jobs and wealth? Let me know your opinion on this matter.
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