Britain Marks 20 Years of the National Minimum Wage

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Millions of British workers celebrate the 20th anniversary of the minimum wage on Monday -- with another inflation-busting pay rise. The legal minimum rises by 4.3 percent for 21-24-years-olds and by 4.9 percent for those age 25 and over. The floor has lifted living standards for the lowest earners and there is no evidence it has led to job losses, according to the Resolution Foundation think tank.

To contact the reporter on this story: Andrew Atkinson in London at a.atkinson@bloomberg.net

To contact the editors responsible for this story: Fergal O'Brien at fobrien@bloomberg.net, Zoe Schneeweiss

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