UK minimum wage: setting the level

Article Abstract:

The UK Labor Party plans a minimum wage for the UK if it wins a general election. The impact of this move would depend on the level of the minimum wage. Kleinwort Benson sees a minimum hourly wage of 3.50 pounds sterling as likely to reduce levels of employment, undermine foreign investment in the UK, and put pressure on inflation and interest rates. Certain sectors would be especially hard hit since they tend to employ people on lowwages. These sectors include textiles, retailing and hotels.

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Profit hit

Article Abstract:

The United Kingdom Low Pay Commission has proposed an hourly minimum wage of 3.6 pounds sterling, and this is unlikely to have a serious impact on most quoted companies, argues Dresdner Kleinwort Benson. Wage costs could be affected, especially if employees seek to maintain differentials. Smaller firms are most likely to be affected and they tend not to be quoted on the stock market, and the gap between smaller and larger firms may widen as a result of the minimum wage.

Wages, Labor law

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The 100 billion pounds sterling bonanza

Article Abstract:

The impact of government spending increases likely to be announced in Britain is examined in detail.

Government spending policy

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