Businesses have until April to prepare for minimum wage increase

Treasury minister says meeting the living wage has been a goal for years

The treasury minister says a decision to increase minimum wage is about supporting the local economy, employers and workers. 

Yesterday, Tynwald approved the changes, which will see the hourly rate rise from £12.25 to £13.46 from April next year. 

Alex Allinson says moving the minimum wage towards meeting the living wage has been something the government has been speaking about since the start of the current administration. 

But he also acknowledged the plight of some businesses:

You can hear the Treasury Minister's appearance on the Breakfast show in full in our latest Newscast: