Brexit UK’s Minimum Wage Increase Sparks Furious Frexit Chaos

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Brexit Britain announced that the minimum wage for nearly two million workers, 23-year-olds and those overseeing the increase in their wages to £9.50 per hour from £8.91 per hour as of April 1, will be increased.

According to the government, a 59 percentage point increase to the so-called “national living wage” would mean the lowest-paid full-time worker would receive a raise of over £1,000 a year, an inflation-busting 6.6 percent. .

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The move prompted Generation Frexit leader Charles-Henri Gallois to load France’s low wages onto the EU and eurozone model.

“The UK minimum wage will rise by 6.6 percent! Twice the inflation! That’s £9.5 per hour or €11.3 per hour. In France it is 10.5 € per hour.

“Contrary to the promises of the 2022 presidential election candidates, the EU and the euro are preventing the minimum growth wage (SMIC) from rising sharply in France. Thank you, Brexit!”

Critics in the UK questioned how well workers would fare given the Chancellor had already increased National Insurance and lowered Universal Credit as inflation rose, and the consumer price inflation rate currently stands at 3.1 percent.

Workers’ National Insurance Contributions will increase by 1.25% starting in April to help finance the NHS and social care, ending the £20-a-week Universal Credit coronavirus increase earlier this month.

The Chancellor confirmed in Wednesday’s Budget that the UK Government will lift a one-year public sector wage freeze, paving the way for a possible wage increase for workers such as teachers, nurses, police and armed forces staff next year.

However, there is no guarantee that the increase will be more than the increased cost of living, meaning workers may feel worse. According to the most recent data from the Office for National Statistics, there were 5.68 million registered public sector workers in June.

Mr. Sunak did not specify how much wages would be raised, with increases expected to be announced next year in response to recommendations from independent payments review bodies. And business secretary Paul Scully refused to guarantee that the increases would be higher than inflation.

“This will be determined by the payment review bodies. The chancellor is eager to get the people up. They will then take this into account when looking at what should be an appropriate increase for the public sector, given public finances.

“I can’t predict what they will do. We’ll see where we end up next April, when the review bodies report.”

In terms of cost-of-living pressure, Mr. Scully acknowledged that the economy is going through a “difficult period”. The unions urged Mr. Sunak to commit to a higher-than-inflation wage increase and to provide new financing for departments so that wage increases do not need to be offset by cuts elsewhere.

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TUC general secretary Frances O’Grady said: “We need a proper plan from the Chancellor tomorrow to drive a salary increase in the economy.

“This means a pay rise for all public sector workers that at least matches the cost of living. Unless Rishi Sunak increases departmental budgets, the pay freeze will end in name only.”

Mail Brexit UK’s Minimum Wage Increase Sparks Furious Frexit Chaos first appeared SurgeZirc UK.

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