Minimum wage set to rise to £10.75

Tynwald to consider proposed increase next month

The Island's minimum wage is set to increase to £10.75 from April.

The proposed £1.25 per hour increase will go before Tynwald next month.

The Minimum Wage Committee consulted with businesses and individuals ahead of the changes, receiving 22 responses.

Among them, one small businesses raised concerns about the potential impact an increase to £11 per hour would have on its wage bill, with another saying it could affect the viability of the business.

The committee suggested an increase to £10.45, but the order due to be voted on at February's Tynwald sitting, signed by Treasury Minister Dr Alex Allinson and Enterprise Minister Lawrie Hooper, proposes a £10.75 rate.

The young workers rate is also set to rise from £6.80 to £8.05.

If approved, the changes will come into force on 1 April - the same day the UK's minimum wage is set to rise from £9.50 to £10.42.