Has there been any suggested tinkering with the minimum wage

[Katymac]

Post election

Do we think they are going to change this?

Either the rate or the whole idea?

Hope they raise it in line with the cost of basic living costs, but somehow I doubt it in the current climate.

If they reduce it or scrap it I will be the first to protest. It's hard enough making do on slightly MORE than the minimum wage, any less would be nearon impossible.

I haven't seen any proposals yet tho'

I think the minimum wage should be about £10 an hour and tax credits etc done away with

Wouldn't increasing the min wage to £10 just push up everybody's wages and lead to rampant inflation?

How do you think about the cost of meals out, childcare, hairdressing etc if the minimum wage goes up to £10 an hour?

I can see a lot of people losing their jobs & the cost of services rocketing tbh

At £10 an hour for staff - I would have to charge about £6i8 an hour for childminding (compared to about £4 now)

I actually don't disagree Riven (I do pay well above the minimum wage currently) but I think a jump from under £6 to £10 in one step would cause chaos

I don;t think they can reduce the minimum wage. It would be immoral IMO.

Plenty of other places to cut before that.

Also how would it actually help?

Reduce the cost for businesses that they would have no incentive to pass onto customers and may just offset any increase in VAT, and govt raise less tax revenue from PAYE and NI.