National Minimum Wage

Conclusion
Chapter 5: Setting the Rate
5.103 Our recommendations this year again take account of the continued fragility in the UK
economy, the state of the youth labour market and the uncertain prospects going forward.
We believe that our recommendations reflect a careful weighing of the evidence and strike a
balance between caution and optimism. We will continue to monitor closely developments in
the labour market, with a particular eye to youth employment.
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