Minimum wage to jump to £6.50 an hour, the first inflation-busting rise in five years…(UK)

Daily Mail (UK) ^ | 14:35 EST, 26 February 2014 | Matthew Chorley

[Olog-hai]

The minimum wage is to rise by 3 percent to £6.50, adding an extra £370 a year to the pay packets of millions of workers.

The inflation-busting rise is the first for five years and follows George Osborne’s call for workers to be rewarded as the economic recovery gains momentum.

And the Low Pay Commission said it was just the start of a “new phase” which would take the rate to new record highs.

Ministers claim the £6.31 hourly rate for adult workers has been outstripped by the rising cost of living and is now worth the same in real terms as in 2004. …

[Olog-hai]

Full Daily Mail title:

Minimum wage to jump to £6.50 an hour, the first inflation-busting rise in five years with more increases to follow

That is equivalent to $10.83/hour. And more increases on its heels? Some of these Tories (like Osborne) make US Democrats look more conservative by contrast.

[Mr Ramsbotham]

Some of these Tories (like Osborne) make US Democrats look more conservative by contrast.

A British conservative is more like a left-leaning American moderate.

[cincinnati65]

"The inflation-busting rise"

I stopped right there. Increasing the minimum wage does NOT bust inflation. It's been proven time and time again.

[Mrs. Don-o]

That was my first thought. Headline should say, “inflation-fueling rise”.