The minimum wage is going up – but by less than the rate of inflation.
The rate will rise by 3.7 per cent to £4.67 per hour for under-17s, £5.24 for under-18s and £5.40 for adults.
Tynwald will discuss the figures when it sits on July 10.
-
DAB+, FM & AM 89, 89.5, 97.2, 103.7 & AM1368
-
Online Listen on Radioplayer
-
Mobile Download the app
-
Smart Speaker Ask your speaker 'play Manx Radio'
Minimum wage rise
More from Isle of Man Business
-
Sight Matters Reflects on a Landmark Year and Looks Ahead to Its 90th Anniversary
This is a paid for promotion on behalf of Sight Matters
-
Port Erin retail: the tale of two halves
What has it been like for businesses there in the run up to Christmas?
-
Treasury welcomes Bank of England interest rate cut
The cost of borrowing has reached its lowest level since early 2023
-
Financial Times raises "serious questions" over government due diligence in King Gaming case
Video report scrutinises oversight and background checks, suggesting Isle of Man approach worsened fallout
