Nov 28, 2016
National Living Wage: OECD urges caution over increase
The OECD said "Caution" was needed in the roll-out of the policy, given its possible impact on employment. The OECD also forecast that the UK would have one of the lowest growth rates among G20 countries by 2018. The organisation has raised its UK growth forecasts for this year and 2017. The OECD said the UK's labour market had been "Resilient", although job creation had moderated recently. "The effects on employment need to be carefully assessed before any further increases are adopted, especially as growth slows and labour markets weaken."
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