An increase to £13.20p/h equates to a minimum wage of £27,456, based on a 40 hour week. Once you factor in employers NI and basic pension contributions, the MINIMUM cost to hire a 21 year old for a company would be £31,461. This is before you factor in any overarching business costs like office space, laptops, phone, software, training, support staff, vehicles etc. This is going to be devastating to SME's who cant put together a simple 12 month budget without the goalposts being moved & their margins squeezed. It'll also be catastrophic to youngsters opportunities because businesses will simply not be able to afford to hire them. What's also incredible is that anything above £50,270 is seen as 'high earnings' in the UK and is taxed at 40%! We are governed by financially and economically illiterate morons. This will not end well.