The Federation of Small Businesses believe that the majority of small and medium enterprises (SMEs) owners will be happy with the increases in the minimum wage because they are in line with inflation.
FSB spokesman Simon Briault says that “the FSB is in essence in favour of the minimum wage as it prevents unscrupulous employers from undercutting competitors.”
He praised the Low Pay Commission’s ’sensible’ approach to the minimum wage: “The low pay commission seems to have come round to a more stable approach to increases in the minimum wage very much along the line of inflation, and that’s something that we think most small businesses are happy with.”
From October, the national minimum wage will increase from £5.52 to £5.73 per hour for people aged over 22, and from £4.60 to £4.77 for young workers aged between 18 and 21.
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