Government announces minimum wage rise

The national minimum wage has been increased by the Government, in news which could affect students and graduates.

Workers in low-paid jobs - which may include part-time work while studying at university - can now expect to earn £5.73 an hour, as long as they are over the age of 22.

This is an increase of 22p from the previous level of £5.52.

The Federation of Small Businesses (FSB) has applauded the decision by the Government to keep the wage rise in line with inflation, as it had previously raised fears that dramatic increases could threaten small businesses.

FSB Employment Chairman, Alan Tyrrell, stated his delight that the Government has heeded the organisation's previous concerns.

'A sensibly set national minimum wage is in the interests of both employers and employees,' he said.

Workers aged between 18 and 21 are legally required to be paid a development rate of £4.60, while those under 18 and no longer of a compulsory school age are paid a minimum of £3.40.