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National Living Wage has not led to job losses, survey says

Posted by Landscape Juice on July 11, 2016 at 9:35am

Employers have responded to the new National Living Wage (NLW) by raising prices or reducing profits rather than cutting jobs, according to a survey from the Resolution Foundation.

The wage, which requires employers to pay staff aged 25 and over at least £7.20 an hour, was introduced in April.

This report is the first snapshot of how firms have reacted to the NLW.

It comes after the Office for Budget Responsibility predicted it would lead to 60,000 job losses by 2020.

BBC: National Living Wage has not led to job losses, survey says

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Making tax digital

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