POLICING OF MINIMUM WAGE

That this House views with concern that only two employers in four years have been prosecuted for paying below the minimum wage; understands that HM Revenue and Customs has investigated 10,777 firms since 2009, collected £15.8 million in arrears and imposed £2.1 million in fines; points out that the unit which pursues firms costs £8 million a year to run whereas it collects just £4 million a year in arrears; notes that an estimated 300,000 people in the UK are earning less than the minimum wage; and demands a zero-tolerance policy so that all companies discovered to be paying below the minimum wage are named and shamed and that fines are increased by at least 10 times the present paltry ceiling of £5,000.