On April 1, Britain will impose a new minimum wage rate, known as the 'national living wage'. The FT's Sarah O'Connor explains three things you need to know about the change and how it measures up to similar pay policies around the world.<br /><br />► Subscribe to the Financial Times on YouTube: http://bit.ly/FTimeSubs<br /><br />For more video content from the Financial Times, visit http://www.FT.com/video<br /><br />Twitter https://twitter.com/ftvideo<br />Facebook https://www.facebook.com/financialtimes
