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 law Paris region and one for the rest of the country, was indexed to price inflation but rose slower than average wages. It was replaced by ("SMIC" - "salaire minimum de croissance") in 1970, which remains the basis of the modern minimum wage law in France. France's national minimum wage ("SMIC") as of 1 January 2010 is €8.86 per hour, representing an increase of 0.5% over the previous rate. A previous increase of 1.3% as from 1 July 2009, brought the hourly rate to €8.82, up from July 2008, when it was set at €8.71 per hour. In July 2006, the