Brexit means the government will miss its target of a £9 per hour minimum wage by 2020, a leading labour market thinktank has warned.
Low-paid workers are set to lose about 40p per hour from their pay packets as a result of the projected slowdown in economic growth, according to the Resolution Foundation.
The reduction in the planned rise in the national living wage is likely to be seen as soon as next month, when the chancellor, Philip Hammond, announces the increase from April 2017. The government had intended the wage floor for workers aged 25 and over to rise from £7.20 to £7.60 per hour, but it is now on course to rise only to £7.50, Resolution said.
The Guardian: Government likely to miss £9 minimum wage target, thinktank warns
Comments
I wonder how much those at the so-called thinktank are paid?
Anyhow, of course the Guardian will say that. The Daily Mail, meanwhile, will be telling us how we'll all be so much better off after Brexit. Statistics can be manipulated to support whatever you want to say.