If it read that way, I wouldn't have a problem with it. It says “increase the premium rate”. It doesn't say “the rate of premium”.
On May 8th, 2008. See this statement in context.
On May 8th, 2008. See this statement in context.
Director, Canadian Affairs, Building and Construction Trades Department, AFL-CIO, Canadian Office
If it read that way, I wouldn't have a problem with it. It says “increase the premium rate”. It doesn't say “the rate of premium”.
See context to find out what was said next.