Round Table: Meeting and Chancellor

round table: A proposal under discussion would see the minimum wage pushed up to 66% of median earnings, meeting the Organisation for Economic Co-operation and Development's definition of low pay, according to The Independent. It would allow the chancellor to say he had set a course to end low pay in Britain. Several sources familiar with the chancellor's thinking told the Observer they believed he was pushing to look at the ambitious end of what would be possible without damaging Britain's employment levels, suggesting he is contemplating going further than any developed nation. The chancellor held a meeting with Frances O'Grady, general secretary of the Trades Union Congress TUC last week, and he is understood to be meeting other union leaders at a round table this week. The Treasury has already commissioned a study into the effects of another major increase to the minimum wage, to be conducted by US academic Arin Dube. One government source said The chancellor is very concerned about poverty and sees this as one avenue of tackling it. (news.financializer.com). As reported in the news.