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Howard - no, thankfully it was set at a low level so the worse predictions did not come true. The danger comes from increasing it.
I am not speculating here - I have detailed knowledge of a lot of businesses. Try answering David's point on differentials and what about my point about the pressures on small businesses?
I repeat also from previous discussions - if we really want to help both the low paid and the unemployed then a minimum wage should be done away all together as it sets a standard pay in a number of occupations eliminating wage competition. This locks people into a low wage. But that is another argument. Increasing it would be insane.
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