Outgoing director general John Cridland to join other commerce leaders in raising concerns about chancellor’s flagship policy
John Cridland,the outgoing director general of the CBI, believes the government’s plan to push up the minimum wage for the over-25s is a gamble.
The flagship policy of George Osborne’s summer budget was his “national living wage” – a 50p increase in the statutory minimum pay rate for the over-25s from April, and to £7.20 an hour,followed by a series of stepped increases expected to consume the rate above £9 an hour by 2020.
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Source: theguardian.com