
ALT quote graphic Nye Cominetti, Principal Economist at the Resolution Foundation, said: “Low hourly pay in the UK has stopped falling for the first time in over a decade. This is the result of the minimum wage moving to a ‘hold steady’ phase after years of being ramped up. It remains the case however that the share of workers on low pay is vastly lower than it was a decade ago. “Today’s data may have implications for next year’s minimum wage. With hourly pay growth surprising on the upside, the minimum wage next year may be significantly higher than the forecast of £13.18 published by the LBC back in April. However, the LPC now have more wiggle room on setting minimum wage rates, so the final number will come down to their judgement.”




















