Minimum wage to be regionalised
The highly influential Institute for Public Policy Research is calling for the minimum wage to be raised to £6.50 an hour in the capital - compared with the national hourly rate of £5.35.
Advisers close to Gordon Brown last night confirmed that the plan was now under serious consideration by the Government.
I have said before that each area should have its own minimum wage and I even stated the minimum wage formula which can be seen here. The formula could be increased for big businesses so that the small businesses could compete.