LONDON—Britain can afford an above-inflation increase in the national minimum wage, Treasury chief George Osborne said Thursday in a sign of growing government confidence in the country’s economic recovery.
In an interview with BBC television, the Chancellor of the Exchequer said the exact figure had to be set by the independent Low Pay Commission following consultations with businesses and other bodies, but he said if the minimum wage had kept pace with inflation it would now be £7 ($11.45) an hour. The national minimum…
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