National minimum wage to increase in October April 24th, 2013 admin Latest News Shares Comments The national minimum wage is to rise by 12p an hour to £6.31 for adults and by 5p to £5.03 for 18-to-20-year-olds from October, the government has announced. Business secretary Vince Cable said the government accepted the recommendation of the Low Pay Commission. However, although the Commission said rate for apprentices should be frozen, Mr Cable said it would rise by 3p to £2.68 an hour. The British Chambers of Commerce said the increase in the adult rate would add to the cost pressures on business, although it called the rises for youth workers and apprentices “restrained”. TUC general secretary Frances O’Grady said he would have liked to have seen minimum wage rates go up further. The increases are below current inflation levels. Retail Prices Index (RPI) inflation currently stands at 3.2% and the Consumer Prices Index (CPI) at 2.8%. Submit News Contact us with your community, business or sport news. Phone 07930717137 Email [email protected] Twitter www.twitter.com/onthespot_news Breaking local news as it happens, searchable archives with photographs, the ability to instantly comment on news articles – there are so many advantages to OTS (Onthespot) News. If you want your news read locally online then send it to [email protected] – relying only on the newspaper is to restrict yourself to an ever reducing audience. Onthespot – your online reporter www.onthespotnews.co.uk Do you have a story to tell? Call OTS www.callots.co.uk Please text or phone 07930717137 or email [email protected] Follow OTS (Onthespot) on Twitter www.twitter.com/onthespot_news Related Comments comments!