15.20: I’ve just ducked out of the Solicitors Regulation Authority (SRA) meeting where a final decision is to be made on the scrapping of the trainee minimum wage. I have to go to another event, but judging by the last hour of submissions, it looks like the minimum wage is toast – subject to a late Man City-style comeback.
What looks most likely is that the SRA will instead opt for a national minimum wage equivalent for trainees, with the current minimum wage faded out via a two-year sunset clause.
More to follow this evening. In the meantime, follow the hashtag #SRAdotherightthing on Twitter for updates (not that it is necessarily the right thing to do, but that’s the hashtag.)