19 Mar 2015 - National Budget boosts Minimum Wage
The final budget of the Coalition government was one with a lot of Lib Dem influence in it. So much in fact, that Labour's Ed Balls has said he wouldn't reverse any of it if he becomes chancellor! The Deputy Prime Minister Nick Clegg announced the minimum wage will increase by three per cent to a new rate of £6.70 from October 2015. This is the largest increase since 2008, and over 1.4 million of the lowest-paid workers are set to benefit. He has also announced that the minimum wage for apprentices will increase by 57p an hour to £3.30, a 20% increase - the largest ever increase for apprentices.
Bristol South Parliamentary candidate Dr Mark Wright said, "Apprenticeships are a vital route for young people to get a step on the career ladder and are part of the answer to solving our country's skills crisis. I'm proud that in the Coalition Government we have helped deliver over 2.1 million apprenticeships since May 2010."
"Liberal Democrats have recalibrated the UK's tax system in favour of low and middle earners. That commitment was on the front page of the 2010 Liberal Democrat manifesto and we have fought to keep it on the agenda at every Budget. The increase in the minimum wage is another step in the right direction."
More details of the 2015 Budget: