Conservative Party (UK) others. Until 1999, Conservatives opposed the creation of a national minimum wage, as they believed it would cost jobs, and businesses would be reluctant to start business in the UK from fear of high labour costs. However the party have since pledged support and in the July 2015 budget, Chancellor George Osborne announced a national living wage of £9/hour, to be introduced by 2020, for those aged 25 and over. The National Minimum Wage in 2012 was £6.19 for over-21 year olds, so the proposed rises in National Living Wage by 2020 will represent a significantly higher pay for many.
Minimum wage in China noteworthy that the Guangdong provincial government announced that it would maintain 2015 minimum wage levels in 2016 and 2017, and the minimum wage growth rate in Shanghai has decreased from 12.3 in 2015 to 8.4 percent in 2016. Guizhou province stands out as the region carrying the most significant hike of minimum wage levels in 2016, 55 percent. The table below lists monthly and hourly minimum wages by province and wage districts. Provinces are divided into different wage districts: Guizhou, for instance, is divided up into Class A, B, and C, which each have their own minimum monthly and hourly