The minimum wage acts as a floor on pay, protecting workers while ensuring job creation for the unemployed continues.
The living wage must remain an aspiration that helps some firms pay more, but many companies simply can't afford it. Moving away from a voluntary approach would undoubtedly damage our unemployment rate.
The best way to boost wage growth in the longer term is to build a sustainable recovery and invest in the productivity growth that will boost wages.
More top news
We had a few wintry flurries today, with snow falling over higher ground. It will dry out overnight, but frost and ice will form in places.
Campaigners hit out at a north Wales council after councillors backed plans to be the first in Wales with four-weekly bin collections.
A major crime review team raised concerns around the initial investigation, and the document was "a trigger" for the Surrey Police probe.