Britain's plan to raise minimum wage backed by review
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LONDON (Reuters) - Britain's plan to raise the minimum wage to two-thirds of median earnings, taking it to 10.50 pounds ($13.58) an hour, was endorsed by an independent review on Monday that found setting a floor on pay had a negligible effect on job creation.Companies are now likely to see wage costs rise after next month's snap national election whatever the outcome.Conservative Finance Minister Sajid Javid said in September he would increase the National Living Wage (NLW) to the new target by..