8th July 2015
Publishers and retailers could be affected by the introduction of a new National Living Wage, announced in Chancellor George Osborne’s summer Budget, delivered yesterday (8th July).
Richard Mollet, c.e.o. of The Publishers Association, said: “All companies will be looking carefully at the changes on the National Living Wage and the potential impact on pay-roll.”
The compulsory National Living Wage, which will reach £9 an hour by 2020, will be for people aged 25 and over. It will be introduced in April 2016 and start at £7.20 an hour, with the Low Pay Commission recommending future rises. Currently the National Minimum Wage for those aged 21 and over is £6.50. There is also a Living Wage, which is not compulsory, of £9.15 in London and £7.85 in the rest of the country...
For the full article please click here.