About time, but very doubtful

[GastonJ]

The Conservative party is examining ways to raise the national minimum wage, BBC Newsnight has learned.
Measures being considered include offering tax breaks to companies paying a wage level higher than the current national minimum of ?6.19 an hour.
And a possible demand for companies above a certain size or profit level to pay employees more than the minimum.
However, sources say this is meeting some resistance inside government amid fears it may alienate business leaders.
The proposals are part of a Conservative effort to combat low wages and underscore the party's commitment to make work pay.

BBC News - Conservatives 'considering ways to raise minimum wage'

I'd welcome anything that takes people on low wages off benefits, it means we aren't subsidising low pay for workers - which is what we're doing now with tax credits and the like. I won't hold my breath for a fair deal - it will probably turn out to be a minimum wage of ?250k if you're a director and everyone else can eck off.

[Snowy79]

I'd like to see how they can raise the minimum wage without increasing inflation, which in turn will make the pay rise useless. A good old double bluff if you ask me.

[GastonJ]

The timing of it will be such that interest rates will rise at the same time, a typical way to control inflation - give people more money while at the same time taking it off them. Makes people feel better because they got a pay rise in a very twisted sort of way. I'd expect it to be announced just before the next election, same as tax cuts. There's nothing like tax cuts to help people forget 5 years of sh*t.... and still the debt is going upwards.