G7 finance ministers meet to agree on new minimum global level of corporate tax

Rishi Sunak and other G7 finance ministers meet today to agree on new minimum global level of corporate tax aimed at tech giants Chancellor said the world cannot still rely on tax system ‘designed in the 1920s’ It’s clear taxation had to change in ‘complex global digital economy’, he added Talks held with ministers from … Read more

New Zealand PM Jacinda Ardern raises minimum wage and increases its tax on the rich to 39%

New Zealand raises its minimum wage to $20 an hour and increases its tax on the rich as Jacinda Ardern carries through with her election promise The changes will impact up to 175,000 of the nation’s lowest earning workers Kiwis working a 40-hour week on minimum wage will pocket an extra $44 a week New … Read more

UK minimum wage increases 2.2%, with pay rise for 2m low-paid workers

Pay hike for 2million low-paid workers as minimum wage increases today by 2.2%… more than £300 extra a year for full time staff The National Living Wage rises by 2.2 per cent to £8.91 per hour from Thursday The boost is the equivalent of £345 extra per year for someone working full time The rate … Read more

Pay hike for 2million low-paid workers as minimum wage increases today by 2.2%

Pay hike for 2million low-paid workers as minimum wage increases today by 2.2%… more than £300 extra a year for full time staff The National Living Wage rises by 2.2 per cent to £8.91 per hour from Thursday The boost is the equivalent of £345 extra per year for someone working full time The rate … Read more

Carers who sleep at their workplace overnight are NOT entitled to the minimum wage for whole shift

Carers who have to sleep at their workplace in case they are needed overnight are not entitled to the minimum wage for their whole shift, the Supreme Court has ruled. Claire Tomlinson-Blake, a Mencap support worker in the East Riding of Yorkshire, appealed against a Court of Appeal ruling that carers are only entitled to … Read more

Uber drivers win right to minimum wage and paid holidays

Uber drivers yesterday won the right to a minimum wage and paid holidays – sparking fears that the firm could pass on costs to passengers. In a landmark decision with far-reaching implications for the ‘gig economy’, the Supreme Court ruled the ride-hailing giant’s drivers should be classed as ‘workers’. Uber – which may have to pay … Read more

How to invest a £100K lump sum for income to supplement pension with minimum risk

My wife’s grandmother has a spare £100,000 that she wants to earn some income from to supplement her state pension. She has no private pension and is fed up with terrible savings rates. She does have more cash savings that will be kept separate, but she wants to get this money working harder, earning at least 3-to-5 … Read more

Rents in England branded unaffordable for young people on minimum wage

Rents in England ‘unaffordable’ for young people working on minimum wage, as average home accounts for nearly three quarters of earnings No region of England has rents that are affordable for under-25s working full-time on minimum wage, according to research from a major mortgage lender On average, 71% of their wages would have to go towards … Read more

Blake Shelton defends his song Minimum Wage after backlash: ‘I’m proud of it’

Multi-millionaire Blake Shelton calls criticism of his song Minimum Wage ‘absolutely ridiculous’ after backlash and says ‘I’m proud of it’ By Sarah Sotoodeh For Dailymail.com Published: 18:44 GMT, 15 January 2021 | Updated: 18:44 GMT, 15 January 2021 Blake Shelton is standing by his controversial new tune Minimum Wage, after facing a barrage of backlash … Read more

Criminal barrister, 27, says she earns LESS than minimum wage working 19 hour days 

Legal aid barrister, 27, who went to state school and put herself through university reveals she now earns LESS than minimum wage for working 19-hour days Alejandra Llorente Tascon, 27, from London, is a criminal defence barrister After expenses says earns less than national minimum wage of £8.72 per hour  Says lawyers are ‘turning their backs’ … Read more