 |
|
Confusion at minimum wage increase
Small businesses remain confused about the minimum wage increase on 1 October.
A survey by Bibby Financial Services found that 31 per cent of small business owners and owner managers are not fully aware of the increase, while 44 per cent of businesses with four employers say they are completely unaware of it.
David Robertson, global chief executive of Bibby, says: ‘It is worrying that there is still so much uncertainty among small businesses about [National Minimum Wage] levels, particularly when the government is introducing tougher penalties for firms who fail to abide by minimum wage legislation.’
In addition, many small business owners are equally confused about the rate for adults aged over 22. Almost a third of the 301 respondents say they don’t know what the exact rate is, while nearly a quarter mistakenly believe it is rising by 51p to £6.03 – when in fact the rate is only going up by 21p to £5.73.
Related Articles |
Interesting links
Other Sector Watch
- Investment veteran airs fears over UK biotech Oct 21 2008
- Talking rubbish Jul 28 2008
- Crisis?– what crisis? Jul 01 2008
- Let the
drilling begin
May 13 2008 - Bargains on the high street
Mar 13 2008
M&A News
- YFM backs training programme for golfers Dec 04 2008
- Biomonitor buys Neutekbio gene technology firm Dec 04 2008
- UK top EU dealmaker by volume Dec 03 2008
- Marfin Investment buys Flight Ambulance stake Dec 03 2008
- Corporates idealistic about M&A Dec 02 2008
Special Offers
- 2008 AIM Guide: Jul 17 2007
- Growth Company Investor Magazine: Jul 17 2007
- Cash Shells 2007 - Research report Jul 17 2007
- Venture Capital Trusts Jul 04 2007
M&A Deals
- BTG buys Protherics Dec 04 2008
- Umeco announces Italian acquisition Dec 04 2008
- Sunkar signs Temir subsidiary deal Dec 03 2008
- Destiny gets £4.8m injection Dec 03 2008
- IMS Maxims acquires CSW assets Dec 02 2008
Business Diary
- M&A Expanding internationally 27th November
- Rosenblatt New Energy Awards 2009 25th February