UK: National Living Wage increase raises income of low-paid workers
Topics: WAGE WORKER UK
This rise follows recommendations made to the government by the Low Pay Commission (LPC) in the autumn.
It means the rate reaches the target of 60 per cent of median earnings, originally set by the Government in 2015.
In the 11 March Budget, the Government confirmed its ambition for the NLW to continue increasing towards a new target of two-thirds of median earnings by 2024.
It asked the LPC to advise on whether the economic evidence warranted these increases.
The LPC will make its recommendations to Government on the 2021 National Minimum Wage rates in October. ■