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 the United States In 2003 San Francisco, California and Santa Fe, New Mexico were the first cities to approve consumer price indexing for their minimum wage. Oregon and Florida were the next states to link their minimum wages to the consumer price index. Later in 2006, voters in six states (Arizona, Colorado, Missouri, Montana, Nevada, and Ohio) approved statewide increases in the state minimum wage. The amounts of these increases ranged from $1 to $1.70 per hour, and all increases were designed to annually index to inflation. As of 2018, the minimum wage is indexed to inflation in 17 states. Since 2012, a