Labour Market

Big increases in minimum wages will “raise employer costs disproportionately in poorer regions of the country”


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Julian Jessop quoted by the Daily Mail

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Prof Len Shackleton quoted by the Guardian

Responding to the Budget announcement that the national minimum wage will rise from £8.21 per hour today to £10.50 in 2024, the IEA’s Editorial and Research Fellow Prof Len Shackleton warned that big increases in minimum wages will “raise employer costs disproportionately in those poorer regions of the country the prime minister wants to help”.

Quoted by the Guardian, he said “the ratio of minimum wages in Northern Ireland, Yorkshire and Humber, the East Midlands and Wales is higher than the 66% target the Conservatives have set.”

Read the article here.



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