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Minimum Wage Increase.

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The Chancellor of The Exchequer, The Rt Hon George Osbourne MP has announced a rise in the National Minimum Wage in the budget today.

The government has accepted the recommendations from the Low Pay Commission to increase the minimum wage to £6.70 per hour, as well as this, they have increased the hourly rate for apprentices to £3.30 per hour, 7p more than was suggested by the commission.

This 3% increase is the biggest real-term rise in seven years.

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