NDM 7

http://www.bbc.co.uk/news/uk-politics-29299230
Labour minimum wage promise would see £8 per hour rate by 2020

• Minimum wage would rise to £7 an hour in 2015
• Current rate £6.50 (1st of October)
• The proposed increase would affect around 1.4 million jobs
• Unemployment expected to fall to 5.5%
• "The minimum wage is set at the highest rate it can be without putting job creation at risk at the moment." - Katja Hall

Government sources have suggested that the rate would probably rise to £8 by the end of the next Parliament if it continued on current trends. The TUC has called for the minimum wage to increase to £10 an hour.

By doing this will resolve and balance the cost of living as recently people have been struggling to pay bills die electric and gas due to the constant rise in figures. Gas and electrical prices have increased by 20% in these past years and companies like British Gas are being investigated for increasing their prices too much.