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HR news

National minimum wage increases to £6.50 per hour

Kate Bekir
2nd October 2014 by Kate Bekir

The national minimum wage increases by 19p to £6.50 per hour for people aged 21 and over today (1 October 2014).

For 18- to 20-year-olds the rate changes from £5.03 per hour to £5.13. For 16- and 17-year-olds there is a rise of 7p to £3.79 per hour, while minimum apprenticeship rates see a 5p increase, bringing them to £2.73.

The improvements are based on advice given by the Low Pay Commission (LPC) in March of this year to increase the minimum wage by a higher rate than inflation for the first time since 2008.

Deutsche Bank withhold bonuses

Gillian Lee
2nd October 2014 by Gillian Lee

Deutsche Bank is withholding millions of euros in bonuses from its co-chief executives and other current and former top managers as it seeks to hold senior staff accountable for a host of costly legal and regulatory problems.

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