UK minimum wage among Europe's highest


UK minimum wage among Europe's highest
Brits earning the minimum wage are better off than their counterparts in most of the EU, according to Eurostat figures.

Only workers in Luxemburg and Ireland fare better, although there is a higher percentage of people in Luxemburg that are on the minimum wage than in most of the other countries data was available for.

Eurostat, the statistical arm of the EU, reported that January figures in the UK totalled €1,361 (about £914) a month for adult workers, €1,570 (about £1,054) a month in Luxembourg and €1,403 (about £942) in Ireland.

The current rate for adults over the age of 22 is £5.35 per hour, which is set to increase to £5.52 in October this year.

Paul Myners, chairman of the Low Pay Commission, which recommended the rise in the adult rate, told the Financial Times that it had been more "cautious" towards a rise in the rate this year to safeguard jobs.

The government stated that it first set a national minimum wage as "an important cornerstone of government strategy aimed at providing employees with decent minimum standards and fairness in the workplace".

It was introduced in 1999.

Related categories: HR / Recruitment.

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