DPM says no wage increase

Deputy Prime Minister Peter Turnquest.

The nation’s finance chief said government is not considering and increase in minimum wage at this time, despite government’s recent announcement in the 2018-2019 Budget Communication that it would increase value-added tax (VAT) to 12 per cent, representing a 67 per cent jump from the initial 7.5 per cent.

With the increase tax expected to come into effect on July 1, taxpayers – in large numbers – express concern over how they would make ends meet.

The question sparked a widespread discussion about a possible increase of the minimum wage rate, which currently stands at $5.25 per hour.

However, Deputy Prime Minister and Minister of Finance Peter Turnquest confirmed that the change is “unlikely” and lamented that a domino effect of increases would be experienced across the board.