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Party plans would ‘boost minimum pay for millions’

Plans from the two biggest political parties to raise the minimum wage would boost pay for millions of people, a leading economic research group says.
The move would also double or treble the number of people whose wages are set by government, the Institute for Fiscal Studies (IFS) said.
Some have argued that current minimum wage levels are too low, leaving people in work struggling.
But the report's author warned rises should be "careful and incremental".
At present, the government's National Living Wage pays £8.21 an hour for workers aged 25 and over.
For younger workers, the National Minimum Wage is currently set at £7.70 an hour for 21-24 years olds and £6.15 for those aged 18-20.
Workers aged 16 to 17 can only expect a minimum hourly wage of £4.35, or £3.90 if they are part of an apprenticeship scheme.
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