What will happen to the national living wage post-election?
Right now, nothing is set in stone, but it’s a bargaining chip that the key parties are using to sway more support over to their side.
Theresa May has pledged to increase the rate to around £8.75 per hour by 2020, and the Labour Party have taken things a step further by saying that under their control, it’ll be increased to ‘at least’ £10 an hour. Their manifesto states that this will cover all workers aged 18 and over, and not just those aged 25 and over, as is currently the case.
The Green Party are getting involved too, saying ‘the introduction of a minimum wage of £10 by 2020 is a necessary step towards tackling inequality and poverty’.
So where does this leave your business?