Coventry minimum wage workers set for inflation beating pay rise
Low paid workers in Coventry are set to benefit from an inflation beating 3% rise in the UK’s National Minimum Wage.
The news comes after the Low Pay Commission recommended a hike in the NMW, which currently stands at £6.31 per hour, for adults across the country.
The move means the pay increase will outstrip CPI inflation, which is currently growing at an annual rate of 1.9%, if it is implemented by ministers.
The hike would be the first increase in real terms since 2008.
A spokesperson claimed Prime Minister David said the government will want to take time to consider the proposal.
The Chancellor George Osborne previously disclosed that he wanted the NMW to increase to £7 an hour by 2015/16.
It now looks unlikely that the wage rate will reach Osborne’s desired level without political intervention.