Isle of Man News - POSTED Wed 11-07-2018

Minimum wage could be increased on Island

by TH

Minimum wage could be increased on Island

The Isle of Man's minimum wage could be increased by 35p.

Tynwald will be asked to support proposals to change the hourly wage to £7.85 for everyone aged 18 and above.

Those under the age of 18 would also have their minimum wage increased by 15p to £5.85.

Enterprise Minister Laurence Skelly says: "The recommendations to Tynwald are put forward in the spirit of fairness and equality as we continue to position the Isle of Man as a progressive, diverse, and attractive place to live and work.

"The simplification of the different minimum wage rates will also support our Island’s drive to attract and retain more young workers as well as streamlining the guidelines for employers.

"However as with any changes to rates of pay we must consider the fine balance of the needs of employers and the need to grow the wages of our working population.

"We believe the proposed changes strike the right balance and will continue to work closely with the Minimum Wage Committee, Treasury and local employers to monitor impact."

If approved the new rates will take effect from October 1st.

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