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Billionaire plumber believes minimum wage should not be increased | LBC

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October 29, 2024

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Millionaire plumber Charlie Mullins supports a planned increase in minimum wage in Labour's Budget, but tells Ben Kentish he doesn't believe anything that they're doing is going to help businesses.

It comes as Rachel Reeves is set to raise the minimum wage by 6 per cent in Wednesday’s Budget in a move which will provide more than a million workers a pay rise.

The above-inflation increase will benefit young people the most with the government set to ensure 18 to 20-year-olds are paid the same rate as older workers - closing the current gap.

The minimum wage, or national living wage for over-21s, will rise from £11.44 to between £12.12 and £12.20 from next year, according to The Times.

The Low Pay Commission, which advises the government on the national living wage, said in September it expected the level to rise to £12.10, but stronger earnings growth has fuelled a larger rise.

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#benkentish #budget #LBC #labour #ukpolitics #uknews #finance #costofliving #charliemullins

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Guests & Subjects Covered

Charlie MullinsLabour's BudgetBen KentishRachel ReevesWednesdays BudgetGlobal PlayerUK Join

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