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The Lib Dems would introduce a minimum pay rise in line with inflation for the next two years and guarantee real-terms increases in pay once the books have been balanced.
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This means the editor has agreed to forgo a minimum 5% pay rise and an annual bonus of at least £500,000 from 2015.
Ed Miliband's Big Minimum Wage Pay Rise Is Actually Pretty Small.
The minimum pay rate of £7.20 an hour for over-25s was introduced by Osborne in April after he said: "Britain deserves a pay rise".
The Tories could outflank their opponents by saying that every time the minimum wage rises, recipients would not pay tax.
The study, based on pay data for 80,000 employees of more than 2,000 care providers, suggests that 57% of frontline workers (54% of all) have benefited directly from the £7.20 minimum with an average pay rise of 9.2%.
The study found that "one in three private sector employers pass on minimum wage rises to workers who are already paid at above-award rates".
Last year, as pressure grew and the economy picked up, McDonald's announced it would raise its average hourly minimum pay to $9.90 from $9.01 and would let pay rise above $10 an hour by the end of this year.
And as California's minimum wage rises over the next seven years toward $15, the pay ceiling will grow even more.
If a load of people earning minimum wage suddenly received a pay rise then bonuses would become an even greater multiple of minimum wage salaries.
The chain finally announced in 2015 that it would raise its average hourly minimum pay to $9.90 from $9.01 and would eventually let pay rise above $10 per hour. .
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