UK Govt Considers Freezing NMW - Unjustifiable

Last night I wrote an article asking where these huge sums of money come from, like the additional $500million pledged to fund IMF assistance of emerging market economies affected by the credit crunch. Then today I read about the speculation that the government intends to freeze the minimum wage, to help businesses deal with the downturn.

Where is the justice in that? Billions of Pounds are thrown around bailing out banks that were to blame for their own predicament, only to suggest offsetting that cost by punishing low income earners, who are -- 9 times out of 10 -- suffering just as badly or worse from the banks mistakes. I tell you one thing, Labour will seal the deal on their own fate if they go ahead with it; it becomes even more likely that they won't win the next General Election, recovery or no recovery.

Energy and food costs continue to rise, so the Minimum wage must keep rising to keep ordinary families afloat. It is up to businesses to find ways to pay the raised Minimum Wage: by directors and board members taking pay cuts.

The Trade Unions, who once held a lot of clout with the Labour government, have advised the government against the move. It will be interesting to see whether or not the working man's Prime Minister Gordon Brown will listen.