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Portfolio on Price Supports
Member rating: No Rating | Words: 1160 | Submitted: Thu Aug 02 2007
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Article: Minimum wage 'causing job losses' 21 September 2006 http://www.bbc.co.uk/2/hi/business/5466410.stm, British Broadcasting Corporation Website The national minimum wage has led to 78,000 job losses on the High Street, the British Retail Consortium has said. The group said more retail job losses were likely in the coming year as the UK minimum wage is set to increase from £5.05 to £5.35 an hour next month. In a submission to the Low Pay Commission the BRC urged the government to delay the latest rise. But the claims have sparked a row with unions who say employers are using the threat of job losses to hold back pay. "Retailers tell us they are being expected to find £2.7bn extra for wages over just two years," said BRC director general Kevin Hawkins. He warned that with rental, energy and other charges "shooting up" some employers are looking to cut staffing costs. But the TUC dismissed the claims, arguing...
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