CBI responds to Chancellor's comments on minimum wage

17 Jan 2014 11:44 AM

The CBI responded to the Chancellor’s comments on the national minimum wage.

John Cridland, the CBI Director-General, said:

“Recommending the rate of the national minimum wage must be a matter for the Low Pay Commission, as the Chancellor recognises.

“An unaffordable rise would end up costing jobs and hit smaller businesses in particular.

“Any increase in wages must reflect improved productivity.”