NewsBot
05-Nov-23, 10:13
The Caithness Business Index (http://www.caithness-business.co.uk) has posted the following article:
National Living Wage On Track To Rise To Around £11.46 Next Year - The Third Biggest Annual Increase On Record
Stronger than expected wage growth means the National Living Wage (NLW) could rise to around £11.46 an hour next April - well above the £11 suggested by the Chancellor earlier this month, according to a new Resolution Foundation briefing published today (Saturday). The briefing – which uses the Low Pay Commission's methodology to calculate what the National Living Wage could rise to next year – notes that as the NLW is currently pegged to median hourly pay, strong wage growth in recent months (average weekly earnings grew by 7.8 per cent in the three months to August) should increase its cash value next April. [Read Full Article (https://caithness-business.co.uk/article/21821)]
National Living Wage On Track To Rise To Around £11.46 Next Year - The Third Biggest Annual Increase On Record
Stronger than expected wage growth means the National Living Wage (NLW) could rise to around £11.46 an hour next April - well above the £11 suggested by the Chancellor earlier this month, according to a new Resolution Foundation briefing published today (Saturday). The briefing – which uses the Low Pay Commission's methodology to calculate what the National Living Wage could rise to next year – notes that as the NLW is currently pegged to median hourly pay, strong wage growth in recent months (average weekly earnings grew by 7.8 per cent in the three months to August) should increase its cash value next April. [Read Full Article (https://caithness-business.co.uk/article/21821)]