'Lower rise' in living wage expected next year

'Lower rise' in living wage expected next year
 

Weak pay growth in the wake of the UK's vote to leave the EU is set to reduce the increase to the National Living Wage by 10p, the Resolution Foundation forecasts.
The think tank now expects the rate to rise to £7.50 an hour next year.
That would still mean an annual pay rise of up to £600 for full-time staff.
The National Living Wage, which was introduced in April, currently stands at £7.20 per hour for workers aged 25 and over.
About 4.5 million workers are expected to benefit from the increase - with the amount dependent on how many hours they work.
Stephen Clarke, policy analyst at... read more

 
12 October 2016 in Business, Views: 37
Source: BBC
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