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National living wage on cards for IOM

Wage rate a key policy for new govt

The Chief Minister has confirmed the new government will consider introducing a national living wage in the Island.

Howard Quayle told Tynwald today (13 Dec) that the matter was being discussed as part of the framework for government.

Last week, Policy and Reform Minister Chris Thomas said a living wage assessment would naturally follow a review of the minimum wage system in 2017.

In April this year, the UK government replaced the minimum wage with what it calls a living wage - currently pegged at £7.20 an hour - based on the average cost of living nationwide.

The UK Living Wage Foundation estimates the actual cost of day-to-day transactions is higher, and suggests a true living wage would be closer to £8.45 per hour.

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