Cable: Low Pay Commission must set minimum wage

Business Secretary Vince Cable told ITV News the Low Pay Commission must set the minimum wage and "politicians of all parties have got to respect that" after Chancellor George Osborne backed an increase.

ITV News Deputy Political Editor Chris Ship has tweeted:

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Vince to Osborne: #minimumwage rate has "got to be set by Low Pay Commission & politicians of all parties have got to respect that" @itvnews

Read: Osborne's words on minimum wage 'mean nothing'

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George Osborne backs minimum wage rise to £7 per hour

The minimum wage could rise to £7 an hour by 2015, Chancellor George Osborne has told the BBC. Osborne said the "economy can now afford" an above-inflation rise.