National Living Wage and Minimum Wage Update

Posted by British Chambers of Commerce

Mon 11th, Dec

From April 2018, all rates will increase as follows

  • NLW (raised by 4.4%)  to £7.83
  • 21-24             £7.38; 
  • 18-20             £5.90;
  • 16-17             £4.20;
  • Apprentices £3.70

The NLW remains on track to reach 60% of median earnings by 2020. 

Here is The Low Pay Commission’s  Report on the National Minimum Wage (NMW) / National Living Wage. Here is the rationale for the recommendations made and the Government’s response

In our written and oral evidence to the Low Pay Commission, BCC called for a 2.7% cost of living increase so as not to drive people out of jobs and warned that firms were close to reaching a tipping point.   The LPC felt businesses still had more scope to reduce profits or increase prices. 

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