The National Minimum Wage, as of April 2020, in the UK depends on age with those in the wage band of 25 and over and those between 18-20 receiving £8.72 and £6.15, respectively. Since the National Minimum Wage Act 1998, the flagship policy of the 1997 general election, the Labour Party has been pushing for a significantly higher minimum wage in the form of an obligatory “National Living Wage” for workers 25 and over, but does the imposition of an increase in such a government policy actually have a positive impact onto households, the government and businesses or should […]
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