Teenagers hit by minimum pay freeze

Woolworth

sharetweetrelated articles fletcher sets sights on next season  hats off to dita von teese  pension fund boost to uk economy suggested topicsrmt (trade union)liberal democrat partyemploymentinflationtrade unionstaxjoe murphy19 march 2012a million teenagers have been handed an effective pay cut in an attempt to stop them being priced out of jobs.business secretary vince cable has ordered a zero increase in the minimum wage for young people, despite inflation running at 3.6 per cent.the wage floor for 16 and 17-year-olds will be frozen at ￡3.68 an hour,alcoholism when your habit takes over your life an, while that for 18 to 20-year-olds will remain at ￡4.98 an hour. to keep pace with rising prices, minimum pay for the older group would have to rise by 16.5p an hour, or ￡6.57 a week.low-paid workers such as hairdressers and care assistants will be among the 1.01?million young people affected. trade union leaders attacked the freeze, saying there was no evidence that a minimum wage harmed jobs. the adult minimum wage will rise by below inflation: up by 11p to ￡6.19, an increase of 1.8 per cent. apprentices will see a 5p rise to ￡2.65 an hour.all the new rates,new balance 1001,stop-go sequins the party girls whose outfits aim, recommended by the independent low pay commission, are to come in from october.mr cable said the aim was to “strike the right balance between pay and jobs”. he added: “in these tough times freezing the youth rates has been a very hard decision — but raising the youth rates would have been of little value to young people if it meant it was harder for them to get a job in the long run.” low pay commission chairman david norgrove said commission members — who include trade unionists — were unanimous “despite all the economic uncertainties and the different pressures on low-paid workers and businesses”. “we believe we have struck the right balance between the needs of these workers and the challenges faced by employers,www.fashionnewbalance.com,” he added.but tuc general secretary brendan barber said: “it is wrong to deny young people an increase this year… the reason why firms have not been hiring enough new workers is because they lack confidence in this government’s ability to set the uk on course for a sound economic recovery.”the decision came as the four most senior members of the coalition government — david cameron, nick clegg, george osborne and danny alexander — sat down to their final talks on wednesday’s budget. sources confirmed that the chancellor will announce that the 50p top rate of tax will be cut to 45p from april next year.in return mr clegg has won a strong commitment to a “tycoon tax”, which is a rule setting a minimum percentage of the very wealthy’s income that they must be obliged to pay. a start date and the final rate is being wrangled over.the chancellor says he will “aggressively” hit anyone using offshore companies to avoid the five per cent stamp duty on homes worth over ￡1 million.lucian cook,titanic director shoots new blockbuster in pioneer, director of research at estate agent savills, today said this would will not stall london’s high-end property market as the capital was seen as a “safe haven”.a big increase in the tax threshold for the low paid, taking tens of thousands out of tax,tory burch sandals, will be hailed by mr clegg as creating “a robin hood budget”.? he also will attempt to claim credit for the stamp duty crackdown and a new general anti-abuse rule on tax-dodging.transport union rmt today said there would be “social breakdown and further riots” if the rich were given tax cuts.? its general secretary bob crow attacked a “rotten government of the wealthy elite”.tweetcomments