Minimum Wage - Proposal to increase by 3.7% from October 2007

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Tynwald is to be asked at its July sitting to approve increases in the Island's minimum wage rates. If the regulations are approved then the new rates for both adults and young workers will come into effect on 1 October this year. The new rate has been recommended by the Minimum Wage Committee.

It is proposed to increase the adult rate for workers over 18 from £5.40 per hour to £5.60 per hour (3.7% increase). By comparison, the UK adult rate only applies to workers over the age of 22, and is set to rise by 3.1% to £5.52 in October this year.

The Minimum Wage Committee's recommendations for increases in the minimum wage for workers under 18 years of age and certain trainees have also been accepted. The proposed new rates are £4.67 per hour for 16 year olds and £5.24 per hour for 17 year olds and certain trainees (both 3.8% increases).

Current earnings data analysed by The Treasury show that approximately 4.6% of the workforce earn below £5.60 or per hour, so around 1,600 workers of the Island's employed workforce of approximately 40,700 stand to benefit from the proposals.

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Further Information:
3.7% Increase for Minimum Wage

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