Research from the Federation of Small Businesses (FSB) has found that half (49%) of small businesses with employees on the National Minimum Wage have either increased wages in the last 12 months or are considering raising pay. The data shows less than a quarter (23%) of small firms have any staff on minimum wage, down from 27 per cent in 2012.
HMRC officials have increased the UK’s National Minimum Wage (NMW) for adults and apprentices. The changes, effective from 1st October 2012, will see approximately one million of Britain’s lowest paid workers benefit from pay increases. The adult NMW has increased by 11p to £6.19 per hour, while the apprentice rate has increased by 9p to £2.65 per hour. The rates for 18-20 year olds and 16-17 year olds remain unchanged.