Business warning over Labour 'tit for tat' minimum wage hike

Businesses have warned that a "tit-for-tat" over the minimum wage could damage jobs after Jeremy Corbyn announced Labour plans to increase pay for young workers.Mr Corbyn confirmed proposals to extend the party's £10 minimum wage policy to 16 and 17-year-olds during a speech in Birmingham today.The increase would be "nothing less than life-changing" for young workers and could see them earn an extra £2,500 per year, he said.