Wage Councils financial definition of Wage Councils
Wages Council (redirected from Wage Councils)
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One of a number of boards in the United Kingdom that formerly set minimum wages. One wages council existed for each low-pay industry and each had the authority to raise or lower the minimum wage for that industry. Most wage councils were abolished in the early 1990s. In the late 1990s, the National Minimum Wage was passed, eliminating the need for the councils.
References in periodicals archive
The current law defines two types of minimum wages: (1) regional minimum wages based on collective agreement, and (2) minimum wages based on the studies and deliberations of minimum wage councils
Since the demise of wage councils
we have continued to have a minimum wage in this county.
The pay for higher proportions of part-timers was determined by wage councils
He said research had shown that such a rate was less than what those workers would have been paid if the wage councils
, which were abolished by the Conservatives, had been allowed to continue.