Business backlash as Reeves confirms pay rise for millions of workers
Briefly

Business backlash as Reeves confirms pay rise for millions of workers
"Whether it's investigating the financials of Elon Musk's pro-Trump PAC or producing our latest documentary, 'The A Word', which shines a light on the American women fighting for reproductive rights, we know how important it is to parse out the facts from the messaging. At such a critical moment in US history, we need reporters on the ground. Your donation allows us to keep sending journalists to speak to both sides of the story."
"Business leaders have sent a warning to Rachel Reeves over an inflation-busting hike to the minimum wage which they fear will drive unemployment and hit economic growth. The chancellor has unveiled an 8.5 per cent rise in the hourly minimum wage for 18 to 20-year-olds - to 10.85 - as well as a 4.1 per cent rise for the living wage, for those aged 21 and over, to 12.71 per hour."
The Independent requests donations to fund on-the-ground journalism while keeping reporting free of paywalls and accessible to all. Reporters investigate topics from reproductive rights and climate change to Big Tech, including work on Elon Musk's pro-Trump PAC and the documentary 'The A Word' about American women fighting for reproductive rights. Chancellor Rachel Reeves announced minimum wage increases: 8.5% for 18–20-year-olds to £10.85, 4.1% for those 21 and over to £12.71, and 6% for 16–17-year-olds and apprentices to £8. Business leaders warn that the wage hikes, tax rises, and new employment rights could curb growth and raise unemployment amid downgraded OBR forecasts.
Read at www.independent.co.uk
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