Living wage could save £2bn - think tank research

Living wage could save £2bn - think tank research
 

Widespread use of a so-called living wage could save the government £2bn a year, according to two think tanks. The saving has been calculated by the Resolution Foundation and the Institute for Public Policy Research (IPPR).
They say paying staff at least £7.45 per hour outside London, and £8.55 within the capital, would boost their incomes by £6.5bn a year.
But the government would collect more income tax and pay out less in benefits and tax credits.
Matthew Pennycook, of the Resolution Foundation, said: "There are significant overall public savings to be made from paying a living... read more

 
28 December 2012 in Business, Views: 8
Source: BBC
Share:
 




News Widget for Webmasters


Realtime News

 

«
»
Mo Tu We Th Fr Sa Su
        1 2 3
4 5 6 7 8 9 10
11 12 13 14 15 16 17
18 19 20 21 22 23 24
25 26 27 28 29 30