'Living wage could hit small firms'

Chamber issue warning

The president of the Chamber of Commerce has warned small Island firms face job losses if a national living wage is introduced over here.

It comes as Tynwald members unanimously agreed to receive a report on proposals for the measure when they sat this week.

If implemented, companies may choose to adopt the initiative, paying an hourly rate of £8.61 per hour.

Payment of the wage is voluntary at this stage.

Government officials say it's calculated as a level of income allowing people to meet their basic needs, and to help them participate more fully in family and community life.

Chris Allen says whilst large corporations could cope - smaller firms may be hit: