Aug 4, 2017

National Living Wage rising too fast, say small businesses

Forthcoming rises to the National Living Wage should be delayed because of uncertain growth in the economy, small businesses have said. As a result, it said the National Living Wage should rise from £7.50 an hour to no more than £7.85 next year. The Low Pay Commission is due to make its recommendations to the government on the National Living Wage next month. The FSB's latest research suggests that most small businesses are already paying their staff more than the National Living Wage, but that 43% of firms have had to increase pay rates. The National Living Wage applies only to employees over the age of 25.

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