I welcome the speed and boldness with which my right hon. Friend reported to the House this afternoon. He said that the impact of the minimum wage on inflation is less than 0.05 per cent. The right hon. Does my right hon.
Friend is absolutely right.
That will make a real difference to hard-working people and their families. It is interesting that the right hon. A raft of employees would therefore be exempt from the national minimum wage. We shall certainly make sure that people throughout the country are acutely aware of that. Gentleman raises an important point.